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Need help ASAP. Thank you! Just Dew It Corporation reports the following balance sheet Information for 2020 and 2021. Based on the balance sheets given
Need help ASAP. Thank you!
Just Dew It Corporation reports the following balance sheet Information for 2020 and 2021. Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate the cash ratio for each year. (Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Calculate the NWC to total assets ratio for each year. (Do not round Intermedlate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) e. Calculate the debt-equity ratio and equity multiplier for each year. (Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) f. Calculate the total debt ratio and long-term debt ratio for each year. (Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is not complete. \begin{tabular}{|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ a. Current ratio } & \multicolumn{2}{|l|}{2020} & \multicolumn{2}{|l|}{2021} \\ \hline & 1.41% & times & 1.61 & times \\ \hline b. Quick ratio & 0.41 & times & 0.50t & times \\ \hline c. Cash ratio & 0.10 & times & 0.19t & times \\ \hline d. NWC ratio & 0.08 & % & 0.10 & % \\ \hline e. Debt-equity ratio & & times & & times \\ \hline e. Equity multiplier & & times & & times \\ \hline f. Total debt ratio & & times & & times \\ \hline \begin{tabular}{l} f. Long-term debt \\ ratio \end{tabular} & & times & & times \\ \hline \end{tabular}Step by Step Solution
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