Question: answer the question based on this balance sheet Paragraph Styles Financial Analysis - W JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities
Paragraph Styles Financial Analysis - W JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2012 2018 2018 Current assets Current liabilities Cash $ 12.157 $ 14,105 Accounts payable $ 46,382 $ 49,276 Accounts receivable 29.382 32,815 Notes payable 18,246 19.784 Inventory 54,632 57 204 Total $ 64,628 $ 69,060 Total $ 96,171 $104,124 Long-term debt $ 49.000 $ 45.000 Owners equity Common stock and paid in surplus $ 50,000 $ 50,000 Retained earnings 299.784 315,894 Net plant and equipment $367241 $375.830 Total $349.784 $365,894 Total liabilities and Total assets $463,412 $479,954 owners' equity $463,412 $479,954 Calculate the following financial ratios for 2017 and 2018 and comment: a. Current ratio b. Cash ratio c. Total debt ratio
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