Just Dew It Corporation reportsthe following balance sheet information for 2008 and 2009.JUST DEW...Just...

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Accounting

Just Dew It Corporation reportsthe following balance sheet information for 2008 and 2009.
JUST DEW IT CORPORATION
2008 and 2009 Balance Sheets
Assets Liabilities and Owners' Equity
2008 2009 2008 2009
  Current assets   Currentliabilities
    Cash $  10,450        $10,000        Accountspayable $ 70,750    $ 63,000
    Accountsreceivable 27,800     28,750       Notespayable 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
    Commonstock and paid-in surplus $  90,000    $  90,000
  Fixed assets     Retainedearnings
144,300
182,150
  Net plant andequipment $ 318,000    $ 344,000       Total $ 234,300   $ 272,150
  Total assets
$ 419,450
$ 445,850
  Total liabilitiesand
   owners' equity
$ 419,450
$ 445,850
Requirement1:
Based on the balance sheetsgiven for Just Dew It, calculate the following financial ratios forthe year
2008.
(a) Current ratio
(Click to select)0.840.710.910.770.97
(b) Quick ratio
(Click toselect)0.350.270.370.290.32
(c) Cash ratio
(Click to select)0.10.070.110.090.06
(d) NWC to total assets ratio
(Click to select)-3.81%-4.48%-4.12%-5.15%-4.84%

(e) Debt-equity ratio and equitymultiplier
(Click to select)0.79 and 1.790.73 and 1.650.91 and 2.060.67 and1.520.85 and 1.93

(f) Total debt ratio and Long-termdebt ratio
(Click to select)0.4 and 0.190.37 and 0.150.44 and 0.220.48 and0.250.51 and 0.29
Requirement2:
Based on the balance sheetsgiven for Just Dew It, calculate the following financial ratios forthe year 2009.
(a) Current ratio
(Click to select)1.060.920.990.850.78
(b) Quick ratio
(Click to select)0.320.380.350.40.3
(c) Cash ratio
(Click to select)0.10.080.120.090.06
(d) NWC to total assets ratio
(Click to select)-2.01%-2.05%-2.09%-2.03%-2.07%
(e) Debt-equity ratio and equitymultiplier
(Click to select)0.54 and 1.390.59 and 1.510.69 and 1.770.64 and1.640.74 and 1.89
(f) Total debt ratio and Long-termdebt ratio
(Click to select)0.36 and 0.160.39 and 0.190.33 and 0.130.45 and0.250.42 and 0.22

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In: AccountingJust Dew It Corporation reportsthe following balance sheet information for 2008 and 2009.JUST DEW...Just Dew It Corporation reportsthe following balance sheet information for 2008 and 2009.JUST DEW IT CORPORATION2008 and 2009 Balance SheetsAssetsLiabilities and Owners' Equity2008200920082009 Current assets Currentliabilities Cash$ 10,450 $10,000 Accountspayable$ 70,750 $ 63,000 Accountsreceivable27,800 28,750 Notespayable49,500 48,000 Inventory63,200 63,100 Total$ 120,250 $ 111,000 Total$ 101,450 $ 101,850 Long-term debt$ 64,900 $ 62,700 Owners' equity Commonstock and paid-in surplus$ 90,000 $ 90,000 Fixed assets Retainedearnings144,300 182,150 Net plant andequipment$ 318,000 $ 344,000 Total$ 234,300 $ 272,150 Total assets$ 419,450 $ 445,850 Total liabilitiesand owners' equity$ 419,450 $ 445,850 Requirement1:Based on the balance sheetsgiven for Just Dew It, calculate the following financial ratios forthe year2008.(a)Current ratio(Click to select)0.840.710.910.770.97(b)Quick ratio(Click toselect)0.350.270.370.290.32(c)Cash ratio(Click to select)0.10.070.110.090.06(d)NWC to total assets ratio(Click to select)-3.81%-4.48%-4.12%-5.15%-4.84% (e)Debt-equity ratio and equitymultiplier(Click to select)0.79 and 1.790.73 and 1.650.91 and 2.060.67 and1.520.85 and 1.93 (f)Total debt ratio and Long-termdebt ratio(Click to select)0.4 and 0.190.37 and 0.150.44 and 0.220.48 and0.250.51 and 0.29Requirement2:Based on the balance sheetsgiven for Just Dew It, calculate the following financial ratios forthe year 2009.(a)Current ratio(Click to select)1.060.920.990.850.78(b)Quick ratio(Click to select)0.320.380.350.40.3(c)Cash ratio(Click to select)0.10.080.120.090.06(d)NWC to total assets ratio(Click to select)-2.01%-2.05%-2.09%-2.03%-2.07%(e)Debt-equity ratio and equitymultiplier(Click to select)0.54 and 1.390.59 and 1.510.69 and 1.770.64 and1.640.74 and 1.89(f)Total debt ratio and Long-termdebt ratio(Click to select)0.36 and 0.160.39 and 0.190.33 and 0.130.45 and0.250.42 and 0.22

JUST DEW IT CORPORATION 2008 and 2009 Balance Sheets
Assets			Liabilities and Owners' Equity
	2008	2009		2008	2009
Current assets			Currentliabilities
Cash	$ 10,450	$10,000	Accountspayable	$ 70,750	$ 63,000
Accountsreceivable	27,800	28,750	Notespayable	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
			Commonstock and paid-in surplus	$ 90,000	$ 90,000
Fixed assets			Retainedearnings	144,300	182,150
Net plant andequipment	$ 318,000	$ 344,000	Total	$ 234,300	$ 272,150
Total assets	$ 419,450	$ 445,850	Total liabilitiesand owners' equity	$ 419,450	$ 445,850

(d)	NWC to total assets ratio

	(Click to select)-3.81%-4.48%-4.12%-5.15%-4.84%

(e)	Debt-equity ratio and equitymultiplier

	(Click to select)0.79 and 1.790.73 and 1.650.91 and 2.060.67 and1.520.85 and 1.93

(f)	Total debt ratio and Long-termdebt ratio

	(Click to select)0.4 and 0.190.37 and 0.150.44 and 0.220.48 and0.250.51 and 0.29

(d)	NWC to total assets ratio

	(Click to select)-2.01%-2.05%-2.09%-2.03%-2.07%

(e)	Debt-equity ratio and equitymultiplier

	(Click to select)0.54 and 1.390.59 and 1.510.69 and 1.770.64 and1.640.74 and 1.89

(f)	Total debt ratio and Long-termdebt ratio

	(Click to select)0.36 and 0.160.39 and 0.190.33 and 0.130.45 and0.250.42 and 0.22