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Business, 22.02.2021 18:50 trevorhenyan51

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets
Assets Liabilities and Owners' Equity
2017 2018 2017 2018
Current assets Current liabilities
Cash $10,450 $10,000 Accounts payable $70,750 $63,000
Accounts receivable 27,800 28,750 Notes payable 49,500 48,000
Inventory 63,200 63,100 Total $120,250 $111,000
Total $101,450 $101,850 Long-term debt $64,900 $62,700
Owners' equity
Common stock
and paid-in surplus $90,000 $90,000
Fixed assets Retained earnings 144,300 182,150
Net plant and equipment $318,000 $344,000 Total $234,300 $272,150
Total assets $419,450 $445,850 Total liabilities and
owners' equity $419,450 $445,850

Based on the balance sheets given for Just Dew It:
a. Calculate the current ratio for each year.
b. Calculate the quick ratio for each year.
c. Calculate the cash ratio for each year.
d. Calculate the NWC to total assets ratio for each year.
e. Calculate the debt-equity ratio and equity multiplier for each year.
f. Calculate the total debt ratio and long-term debt ratio for each year.

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