Problem $3-17$ Calculating Financial Ratios $[$LO$2]$

Just Dew It Corporation reports the following balance sheet information for $2023$ and $2024.$

$\backslash$table$[[$Assets$,\backslash$table$[[$JUST DEW IT CORPORATION$]],2024],[$Current assets,,,Current liabilities,,$],[$Cash$,$$ $10,200,$$ $13,200,$Accounts payable,$ $46,000,$$ $62,160],[$Accounts receivable,$30,200,38,640,$Notes payable,$27,800,33,120],[$Inventory$,74,600,87,120,,,],[$Total$,$$ $115,000,$$ $138,960,$Total,$ $73,800,$$ $95,280],[,,,$Long$-$term debt,$ $40,000,$$ $36,000],[,,,$Owners' equity,,$],[,,,$Common stock and paid$-$in surplus,$ $60,000,$$ $60,000],[,,,$Retained earnings,$226,200,288,720],[$Net plant and equipment,$ $285,000,$$ $341,040,$Total,$ $286,200,$$ $348,720],[$Total assets,$$400,000,$$ $480,000,$Total liabilities and owners' equity,$ $400,000,$$ $480,000]]$

Based on the balance sheets given for Just Dew It:

a$.$ Calculate the current ratio for each year.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ Calculate the quick ratio for each year.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ Calculate the cash ratio for each year.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

d$.$ Calculate the NWC to total assets ratio for each year.

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

e$.$ Calculate the debt$-$equity ratio and equity multiplier for each year.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

f$.$ Calculate the total debt ratio and long$-$term debt ratio for each year.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[,2023,2024],[$a$.$ Current ratio,,times,,times$],[$b$.$ Quick ratio,,times,,times$],[$c$.$ Cash ratio,,times,,times$],[$d$.$ NWC ratio,,$\%,,\%],[$e$.$ Debt$-$equity ratio,,times,,times$],[$Equity multiplier,,times,,times$],[$f$.$ Total debt ratio,,times,,times$],[$Long$-$term debt ratio,,times,,times$]]$