Question: Please help solve these three problems. thanks! Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION

Please help solve these three problems. thanks! Just Dew It Corporation reportsthe following balance sheet information for 2017 and 2018. JUST DEW ITCORPORATION 2017 and 2018 Balance Sheets Assets 2017 2018 2018 Liabilities andOwners' Equity 2017 Current liabilities Accounts payable $ 39,040 Notes payable 12,960$ Current assets Cash Accounts receivable Inventory 4,000 $ 11,280 20,400 90,48014,880 $ 48,720 17,280 61,920 Total $ 80,800 $ 122,160 Total $52,000 $ 66,000 Long-term debt $ 48,000 $ 36,000 Owners' equity CommonPlease help solve these three problems.

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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets 2017 2018 2018 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 39,040 Notes payable 12,960 $ Current assets Cash Accounts receivable Inventory 4,000 $ 11,280 20,400 90,480 14,880 $ 48,720 17,280 61,920 Total $ 80,800 $ 122,160 Total $ 52,000 $ 66,000 Long-term debt $ 48,000 $ 36,000 Owners' equity Common stock and paid-in $ 60,000 surplus Retained earnings 160,000 $ 60,000 318,000 Net plant and equipment $239,200 $ 357,840 Total $220,000 $378,000 Total assets $320,000 $480,000 Total liabilities and owners' equity $320,000 $ 480,000 Prepare the 2017 and 2018 common-size balance sheets for Just Dew It. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2017 % 2018 % Assets Current assets Cash $ 4,000 % % 11,280 20,400 Accounts receivable % % 14,880 61,920 80,800 % 90,480 Inventory Total % $ % 122,160 % Fixed assets Net plant and equipment $ % % 239,200 320,000 357,840 480,000 Total assets $ % % $ % % % % 39,040 12,960 52,000 48,000 48,720 17,280 66,000 36,000 $ Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity % % $ % % $ 60,000 160,000 220,000 320,000 % % % 60,000 318,000 378,000 480,000 % % % $ $ % % Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,000 Accounts payable $ 24,084 16,100 Notes payable 19,000 28,000 Other 12,471 $ 24,136 Current assets Cash Accounts receivable Inventory $ 28,000 11,700 13,348 26,722 18,300 Total $ 64,206 $ 69,100 Total $ 55,555 $ 58,000 Long-term debt $ 78,000 $ 91,532 $ 60,000 $ 60,000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 204,346 223,468 Fixed assets Net plant and equipment $333,695 $363,900 Total $264,346 $283,468 Total assets $ 397,901 $433,000 Total liabilities and owners' equity $ 397,901 $433,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 383,818 257,000 48,300 Earnings before interest and taxes Interest paid $ 78,518 15,200 Taxable income Taxes (24%) $ 63,318 15,196 Net income $ 48,122 Dividends Retained earnings $29,000 19,122 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Enter your profitability ratio answers as a percent rounded to 2 decimal places, e.g., 32.16. Round the remaining answers to decimal places, e.g., 32.16.) 2017 2018 Short-term solvency ratios: Current ratio a. times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios: d. Total asset turnover times e. Inventory turnover times f. Receivables turnover times 2017 2018 times times Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times j. Times interest earned times k. Cash coverage ratio times Profitability ratios: Profit margin 1. % m. Return on assets % n. Return on equity % Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,700 Accounts payable $ 24,784 16,800 Notes payable 13,000 28,700 Other 13,171 Current assets Cash Accounts receivable Inventory $ 28,700 $ 24,206 14,048 27,622 12,400 15,900 Total $ 65,876 $ 71,200 Total $ 50,955 $ 57,000 Long-term debt $ 85,000 $ 95,455 $ 40,000 $ 40,000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 230,616 240,545 Fixed assets Net plant and equipment $340,695 $ 361,800 Total $270,616 $280,545 Total assets $ 406,571 $433,000 Total liabilities and owners' equity $406,571 $433,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $369,230 260,500 47,350 $ 61,380 Earnings before interest and taxes Interest paid 15,900 Taxable income Taxes (21%) $ 45,480 9,551 Net income $ 35,929 Dividends Retained earnings $26,000 9,929 The company's profit margin is percent. (Use year-end figures rather than average values where appropriate. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) The total asset turnover is times. (Round your answer to 2 decimal places, e.g., 32.16.) The equity multiplier is times. (Round your answer to 2 decimal places, e.g., 32.16.) Using the DuPont Identity, the company's ROE is percent. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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