Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. 2020 2020 2021 Assets Current

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Just Dew It Corporation Reports The Following Balance Sheet Information For 2020 And 2021 2020 2020 2021 Assets Current 1 (43.02 KiB) Viewed 129 times

Just Dew It Corporation Reports The Following Balance Sheet Information For 2020 And 2021 2020 2020 2021 Assets Current 2 (66.48 KiB) Viewed 129 times

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. 2020 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities $ 17,631 Accounts payable 41,019 Notes payable 71,505 $ 14,588 35,258 65,567 $ 55,653 $ 63,073 21,895 25,324 Total $ 115,413 $ 130,155 Total $ 77,548 $ 88,397 Long-term debt $ 58,000 $ 62,000 Owners' equity Common stock and paid-in surplus $ 60,000 $ 60,000 Retained earnings 397,278 418,179 Net plant and equipment $ 477,413 $ 498,421 Total $ 457,278 $ 478,179 $ $ $ Total assets 592,826 $ 628,576 Total liabilities and owners' equity 592,826 628,576
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 te 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 times times times % a. Current ratio b. Quick ratio c. Cash ratio d. NWC ratio e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio 2021 times times times % times times times times times times times times