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Please show all calculations!! to my knowledge A current ratio is correct and part D is correct. 12 555 Just Dew It Corporation reports the
Please show all calculations!!
12 555 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 Current assets Current liabilities Cash $ 12.157 $ 14,105 Accounts payable $ 46,382 Accounts receivable 29,382 32.815 Notes payable 18.246 Inventory 54,632 57,204 2018 $ 49,276 19.784 Total $ 96,171 $ 104,124 Total $ 64,628 $ 69,060 $ 49,000 $ 45,000 Long-term debt Owners' equity Common stock and paid in surplus Retained earnings $ 50.000 299,784 $ 50,000 315,894 Net plant and equipment $367,241 $375,830 Total $349,784 $365,894 Total assets $463,412 $479,954 Total liabilities and owners' equity $463.412 $479,954 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... 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 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-9., 32,16.) a 2017 1.49 times 64.27 times 18.81 times a Current ratio b. Quick ratio Cash ratio d. NWC ratio e. Debt-equity ratio Equity multiplier 1. Total debt ratio Long-term debt ratio 6.81% 2018 1.51 times 67.94 times 20.42 times 7.31% 31.17 times 1.31 times 23.76 times 10.95 times 32.49 times 1.32 times 24.52 times 12.29 times to my knowledge A current ratio is correct and part D is correct.
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