Calculating Financial Ratios [LO2] Based on the balance sheets given for Just Dew It, calculate the following financial ratios for each year: a Current ratio. b Quick ratio. c Cash ratio. d NWC to total assets ratio e Debt-equity ratio and equity multiplier. f Total debt ratio and long-term debt ratio. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 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 $367.241 $375,830 Total $349,784 $365,894 Total liabilities and Total assets $463.412 $479,954 owners' equity $463.412 $479.954