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Please help! Thanks 6 View previous attempt Check my work Problem 3-17 Calculating Financial Ratios (LO2] Just Dew It Corporation reports the following balance sheet
Please help! Thanks
6 View previous attempt Check my work Problem 3-17 Calculating Financial Ratios (LO2] Just Dew It Corporation reports the following balance sheet information for 2020 and 4 D 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current Assets Current abilities Cash 56560 $8.500 Accounts payable $ 51840 $ 53,000 Accounts receivable 16.360 22.600 Notes payable 21600 23,600 Inventory 6230 74,500 Total $ 54,000 $ 105.800 Total $ 73,440 $ 76,600 Long-term dett $32,000 $30,000 Owners' equity Common stock and paid in surplus $ 40,000 $ 40.000 Retained earnings 174.560 253.400 met plant and einert 236.000 254200 Total $ 214.50 293400 $ $ Total $ 220.000 400.000 Total abilities and owners' equity 320000 400,000 lo Based on the balance sheets given for Sus Dewit Calculate the centre for each year. (Do not round Intermediate calculations and round out anwesta decimal laces... 32161 540 293,400 6 236,000 294,200 $ 320.000 400.000 Total Habilities and owners' equity Total assets 320.000 400.000 0/4 ponded Based on the balance sheets given for Just Dew it Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, 9. 32.16.) 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... 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... 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... 32.16.) Calculate the total debt ratio and long-term debt ratio for each year. (Do not found intermediate calculations and round your answers to 2 decimal places, c.9. 32.16.) Que OM e. Cash d. NWC Debido Fourie Tomato Long term ratio 2020 300 times 3.00 ms 400 ms 5.00 300 m 200 times 800 mes 2021 2.00 3.00 ms 4.00 12.00 3.00 times 3000 times 4.00 200 3.00 ms Step by Step Solution
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