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ust Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020

ust Dew It Corporation reports the following balance sheet information for 2020 and 2021.

JUST DEW IT CORPORATION
2020 and 2021 Balance Sheets
Assets20202021Liabilities and Owners’ Equity20202021
Current assetsCurrent liabilities
Cash$ 10,620$ 13,275Accounts payable$ 52,560$ 60,750
Accounts receivable21,42029,925Notes payable19,26024,075
Inventory67,86082,575
Total$ 99,900$ 125,775Total$ 71,820$ 84,825
Long-term debt$ 36,000$ 27,000
Owners’ equity
Common stock and paid-in surplus$ 45,000$ 45,000
Retained earnings207,180293,175
Net plant and equipment$ 260,100$ 324,225Total$ 252,180$ 338,175
Total assets$ 360,000$ 450,000Total liabilities and owners’ equity$ 360,000$ 450,000

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.)

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A Current ratio Current assetsCurrent liabilities Year 2020 99900 71820 139 times Year 2021 125775 8... blur-text-image

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