Please answer the question in full! Will give thumbs up if the answers are correct! Thank you!
Problem 3-17 Calculating Financial Ratios (LO2] Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity Current liabilities $ 10,620 $ 13,275 Accounts payable 21,420 29,925 Notes payable 67,860 82,575 $ 52,560 $ 60,750 19,260 24,075 Total $ 99,900 $ 125,775 Total $ 71,820 $ 84,825 Long-term debt $ 36,000 $27.000 Owners' equity Common stock and paid-in surplus $ 45,000 $ 45,000 Retained earnings 207180 293,175 Net plant and equipment $260100 $ 324 225 Total $ 252.180 $ 338,175 Total assets Total liabilities and owners equity 360,000 450,000 $ 360,000 450,000 Based on the balance sheets given for Just Dewi a. Calculate the current ratio for each year (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 3216.) b. Calculate the quick roto for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, 9., 32.16.) C. Calculate the cash ratio for each year (Do not round intermediate calculations and round your answers to 2 decimal places, 9. 32.16.) d. Coculote 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, 0.9. 32.16.) e Calculate the debt-equity ratio and equity multiples for each year (Do not round Intermediate calculations and round your answers to 2 decimal places, 0.9. 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... 32.16.) 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 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.) 5 2020 times times 2021 times times a. Current ratio b. Quick ratio c. Cash ratio d. NWC ratio e. Debt-equity ratio e. Equity multiplier 1. Total debt ratio f. Long-term debt ratio times % times times % times times times times times times times
