Problem 3-17 Calculating Financial Ratios [LO2] Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets 2020 2021 Current assets Cash $6,600 $ 15,250 Accounts receivable Inventory 26,600 29,750 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2020 2021 $ 62,400 $65,750 26,400 31,500 75,800 92,250 Total $ 109,000 $137,250 Total Long-term debt $88,800 $97,250 $50,000 $40,000 Owners' equity Common stock and paid-in surplus $ 52,000 $ 52,000 Retained earnings 209,200 310,750 $ Net plant and equipment $291,000 $362,750 Total $ 261,200 362,750 $ $ $ $ Total assets Total liabilities and owners' equity 400,000 500,000 400,000 500,000 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 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.) 2020 2021 a. Current ratio times times b. Quick ratio times times c. Cash ratio times times d. NWC ratio % % e. Debt-equity ratio times times e. Equity multiplier times times f. Total debt ratio times times f. Long-term debt ratio times times