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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash Accounts receivable Inventory $7,950 23,550 36,750 $11,800 29,000 47,000 Accounts payable Notes payable $ 40,500 14,850 $ 45,800 20,800 Total Total $ 55,350 $ 30,000 42,000 66,600 $ 24,000 $42,000 $ 68,250 $ 87,800 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings 172,650 $214,650 $300,000 267,400 $309,400 $400,000 Net plant and equipment $231,750 $312,200 Total Total assets $300,000 $400,000 Total liabilities and owners' equity Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Current ratio times times b. Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Quick ratio times times c. Calculate the cash ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Cash ratio times times d. Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2014 2015 NWC ratio

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