Calculating Financial Ratios [LO2] Based on the balance sheets given for Just Dew It, calculate the following financial ratios for each year:

1. Current ratio.

2. Quick ratio.

3. Cash ratio.

4. NWC to total assets ratio

5. Debt-equity ratio and equity multiplier.

6. 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 assets $ 463,412 $ 479.954 Total liabilities and owners' equity $ 463.412 $ 479,954