2020 and 2021 Balance Sheets Assets 2020 2021 Current assets Liabilities and Owners' Equity Current liabilities...

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2020 and 2021 Balance Sheets Assets 2020 2021 Current assets Liabilities and Owners' Equity Current liabilities 2020 2021 Cash Accounts receivable Inventory $ 13,280 7,520 42,400 $14,600 Accounts payable 19,200 Notes payable $40,000 $41,800 14,240 21,600 51,000 Total $ 63,200 $ 84,800 Total Long-term debt $ 54,240 $ 63,400 $ 32,000 $24,000 Owners' equity Common stock and paid-in surplus $40,000 $40,000 Retained earnings 193,760 272,600 $ Net plant and equipment $315,200 Total $233,760 256,800 $ 312,600 es $ $ Total assets Total liabilities and owners' equity 320,000 400,000 320,000 400,000 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 2020 and 2021 Balance Sheets Assets 2020 2021 Current assets Liabilities and Owners' Equity Current liabilities 2020 2021 Cash Accounts receivable Inventory $ 13,280 7,520 42,400 $14,600 Accounts payable 19,200 Notes payable $40,000 $41,800 14,240 21,600 51,000 Total $ 63,200 $ 84,800 Total Long-term debt $ 54,240 $ 63,400 $ 32,000 $24,000 Owners' equity Common stock and paid-in surplus $40,000 $40,000 Retained earnings 193,760 272,600 $ Net plant and equipment $315,200 Total $233,760 256,800 $ 312,600 es $ $ Total assets Total liabilities and owners' equity 320,000 400,000 320,000 400,000 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