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please answer E & F Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 2018 Current assets Cash
please answer E & F
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 2018 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 19,440 Accounts payable $ 30,600 16,080 Notes payable 24.900 60,240 $ 11,250 11,850 39,150 $ 49,200 31,200 Total $ 62,250 $ 95,760 Total $ 55,500 $ 80,400 Long-term debt R$ 27,000 $ 24,000 Owners' equity Common stock and paid in surplus Retained earnings $ 48,000 169,500 $ 48,000 327,600 Net plant and equipment $ 237,750 $384,240 Total $ 217,500 $375,600 Total assets $300,000 $480,000 Total liabilities and owners equity $300,000 $480,000 Based on the balance sheets given for Just Dew It: 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. 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.) wers as a percelli counter 2017 2018 times times times c a. Current ratio b. Quick ratio Cash ratio d. NWC ratio e. Debt-equity ratio Equity multiplier f. Total debt ratio Long-term debt ratio times times times % times % times times times times times times times Step by Step Solution
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