Question: Question 16 and 17 Preparing Standardized Financial Statements |LO1| Prepare the 2014 and 2015 common-size balance sheets for Just Dew It. Preparing Standardized Financial Statements

Question 16 and 17

Preparing Standardized Financial Statements |LO1| Prepare the 2014 and 2015 common-size balance sheets for Just Dew It. Preparing Standardized Financial Statements |LO1| Prepare the 2015 common-base year balance sheet for Just Dew it. Preparing Standardized Financial Statements |LO1| Prepare the 2015 combined common-size, common-base year balance sheet for Just Dew it. Sources and Uses of Cash |LO4| For each account on this company's balance sheet, show the change in the account during 2015 and note whether this change was a source or use of cash. Do your numbers add up and make sense? Explain your answer for total assets as compared to your answer for total liabilities and owners' equity. Calculating Financial Ratios |LO2| Based on the balance sheets given for Just Dew It. calculate the following financial ratios for each year: a. Current ratio. b. Quick ratio. c. Cash ratio. d. NWC to total assets ratio. e. Debt equity ratio and equity multiplier. f. Total debt ratio and long-term debt ratio

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