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

Just Dew It Corporation reports the following balance sheet information for $2020$ and $2021.$

$\backslash$table$[[$JUST DEW IT CORPORATION$],[$Assets$,2020,2021,$Liabilities and Owners' Equity,$2020,2021],[$Current assets,,,Current liabilities,,$],[$Cash$,$$$6,600,$$$15,250,$Accounts payable,$$62,400,$$$65,750],[$Accounts receivable,$26,600,29,750,$Notes payable,$26,400,31,500],[$Inventory$,75,800,92,250,,,],[$Total$,$$$109,000,$$$137,250,$Total,$$88,800,$$$97,250],[,,$Long$-$term debt,$$50,000,$$$40,000],[,,$Owners' equity,,$],[,,$Common stock and paid$-$in surplus,$$52,000,$$$52,000],[,,$Retained earnings,$209,200,310,750],[$Net plant and equipment,$$291,000,$$$362,750,$Total,$$261,200,362750\backslash$deg $],[$Total assets,$\backslash$table$[[$$$],[400,000]],\backslash$table$[[$$$],[500,000]],$Total liabilities and owners' equity,$\backslash$table$[[$$$],[400,000]],\backslash$table$[[$$$],[500,000]]]]$

Based on the balance sheets given for Just Dew It:

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