Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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!!
to my knowledge A current ratio is correct and part D is correct.
image text in transcribed
image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Application Of Quantitative Techniques For The Prediction Of Bank Acquisition Targets

Authors: Pasiouras Fotios

1st Edition

9812565183, 9789812565181

More Books

Students also viewed these Accounting questions

Question

Why do valuation models lend themselves to "playing with mirrors"?

Answered: 1 week ago

Question

What courses do your students assist with teaching this semester?

Answered: 1 week ago

Question

=+2. About the body copy (review chapter 3).

Answered: 1 week ago

Question

=+i. Does it reflect the brand's personality?

Answered: 1 week ago

Question

=+. Does it speak from the audience's point of view?

Answered: 1 week ago