Question
. Sources and Uses of Cash. For each account on this companys balance sheet, show the change in the account during 2018 and note whether
. Sources and Uses of Cash. For each account on this companys balance sheet, show the change in the account during 2018 and note whether this change was a Page 87source or use of cash. Do your numbers add up and make sense? Explain your answer for total assets as compared to your answer for total liabilities and owners equity.
Calculating Financial Ratios. Based on the balance sheets given for Just Dew It, calculate the following financial ratios for each year:
Current ratio.
Quick ratio.
Cash ratio.
NWC to total assets ratio
Debt-equity ratio and equity multiplier.
Total debt ratio and long-term debt ratio.
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