OK Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current assets Current liabilities Cash $ 7950 $ 11,800 Accounts payable $ 40,500 $ 45,800 Accounts receivable 23,550 29.000 Notes payable 14,850 20,800 Inventory 36.750 47.000 Total $ 68,250 $ 87,800 Total $ 55,350 $ 66,600 Long-term debt $ 30,000 $ 24,000 Owners' equity Common stock and paid-in surplus $ 42,000 $ 42,000 Retained earnings 172,650 267,400 Ant rences Net plant and equipment $ 231,750 $ 312, 200 Total $ 214,650 309.400 Total assets 300,000 400,000 Total liabilities and owners. equity 300,000 400,000 Based on the balance sheets given for Just Dewit a. Calculate the current ratio for each year. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) b. Calculate the quick ratio for each year (Do not round intermediate calculations and round your answers to 2 decimal places, eg.. 32.16.) C. Calculate the cash ratio for each year (Do not round Intermediate 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 intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e. Calculate the debt equity ratio and equity multiplier for each year (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) 1. Calculate the total debt ratio and long-term debt ratio for each year (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) e.g.. 32.16.) Based on the balance sheets given for Just Dew it es a. Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate the cash ratio for each year (Do not round intermediate 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 intermediate 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 intermediate 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 intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 2020 2021 times times times times times times % % a. Current ratio b. Quick ratio c. Cash ratio d. NWC ratio e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio times times times times times times times times
