P3-17 Calculating Financial Ratios [LO2] Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 10,650 $ 10,700 Accounts payable $ 72,000 $ 64,250 Accounts receivable 27,600 27,950 Notes payable 47,500 46,750 Inventory 63,400 64,300 Total $ 119,500 $ 111,000 Total $ 101,650 $ 102,950 Long-term debt $ 56,100 $ 62,500 Owners' equity Common stock and paid-in surplus $ 82,000 $ 82,000 Fixed assets Retained earnings 183,050 194,450 Net plant and equipment $ 339,000 $ 347,000 Total $ 265,050 $ 276,450 Total assets $ 440,650 $ 449,950 Total liabilities and owners' equity $ 440,650 $ 449,950 Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2017.

a. Current ratio

b. Quick ratio

c. Cash ratio

d. NWC to total assets ratio

e. Debt-equity ratio and equity multiplier

f. Total debt ratio and long-term debt ratio Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2018.

a. Current ratio

b. Quick ratio

c. Cash ratio d. NWC to total assets ratio

e. Debt-equity ratio and equity multiplier

f. Total debt ratio and long-term debt ratio

ms Saved P3-17 Calculating Financial Ratios [LO2] Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 10,650 $ 10,700 Accounts payable $ 72,000 $ 64.250 Accounts receivable 27,600 27,950 Notes payable 47,500 46.750 Inventory 63,400 64,300 Total $ 119,500 $ 111,000 Total $ 102,950 $ 101,650 Long-term debt $ 56,100 $ 62,500 Owners' equity Common stock and paid in $ 82,000 $ 82,000 surplus Fixed assets Retained earnings 183,050 194.450 Net plant and $ 339,000 $ 347.000 Total $ 265,050 $ 276.450 equipment $ 440.650 Total liabilities and Total assets $ 440,650 $ 449.950 $ 449.950 owners' equity