Question: NEED PART E and F 2.50 points Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION


NEED PART E and F
2.50 points Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2015 S 8,250 12,240 4,500 40,560 86,160 $101,250 $138,960 2014 2014 2015 Current assets Current liabilities Cash Accounts payable 43,500 S 48,240 Notes payable 29,625 32,160 58,500 S 73,125 S 45,000 S 60,000 Total Total S 80,400 S 36,000 S 60,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings 196,875 303,600 Net plant and $273.750 $341,040 Total $256,875 S363,600 Total assets $375.000 $480,000 Total liabilities and $375,000 S480,000 owners' equity Based on the balance sheets given for Just Dew It a. Calculate the current ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Current ratio times times b. Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Quick ratio times times C. Calculate the cash ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Cash ratio times times
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