Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW...

  

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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets 2017 Liabilities and Owners' Equity 2017 2018 2018 Current assets Cash Accounts receivable 29,382 Inventory Current liabilities $ 12,157 $ 14,105 32,815 57,204 Accounts payable Notes payable $ 46,382 18,246 $ 49,276 19,784 54,632 Total $ 96,171 $ 104,124 Total $ 64,628 $ 69,060 Long-term debt $ 49,000 $ 45,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 50,000 $ 50,000 299,784 315,894 Net plant and equipment $349,784 $367,241 $375,830 Total $365,894 Total liabilities and owners' Total assets $463,412 $479,954 $463,412 $479,954 equity 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.g., 32.16.) 2017 2018 Current ratio b. Quick ratio Cash ratio a. times times times times times C. times d. NWC ratio % e. Debt-equity ratio Equity multiplier f. times times times times Total debt ratio times times Long-term debt ratio times times Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets 2017 Liabilities and Owners' Equity 2017 2018 2018 Current assets Cash Accounts receivable 29,382 Inventory Current liabilities $ 12,157 $ 14,105 32,815 57,204 Accounts payable Notes payable $ 46,382 18,246 $ 49,276 19,784 54,632 Total $ 96,171 $ 104,124 Total $ 64,628 $ 69,060 Long-term debt $ 49,000 $ 45,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 50,000 $ 50,000 299,784 315,894 Net plant and equipment $349,784 $367,241 $375,830 Total $365,894 Total liabilities and owners' Total assets $463,412 $479,954 $463,412 $479,954 equity 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.g., 32.16.) 2017 2018 Current ratio b. Quick ratio Cash ratio a. times times times times times C. times d. NWC ratio % e. Debt-equity ratio Equity multiplier f. times times times times Total debt ratio times times Long-term debt ratio times times

Answer rating: 100% (QA)

2017 Current Ratio Current Assets Current Liabilities Current Ratio 96171 64628 Current Ratio 149 times Quick Ratio Current Assets Inventory Current L... View the full answer