Just Dew It Corporation reports the following balance sheet information for 2023 and 2024. ...

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Finance

Just Dew It Corporation reports the following balance sheet information for 2023 and 2024.
JUST DEW IT CORPORATION
2023 and 2024 Balance Sheets
Assets 20232024 Liabilities and Owners Equity 20232024
Current assets Current liabilities
Cash $ 10,620 $ 13,275 Accounts payable $ 52,560 $ 60,750
Accounts receivable 21,42029,925 Notes payable 19,26024,075
Inventory 67,86082,575
Total $ 99,900 $ 125,775 Total $ 71,820 $ 84,825
Long-term debt $ 36,000 $ 27,000
Owners equity
Common stock and paid-in surplus $ 45,000 $ 45,000
Retained earnings 207,180293,175
Net plant and equipment $ 260,100 $ 324,225 Total $ 252,180 $ 338,175
Total assets $ 360,000 $ 450,000 Total liabilities and owners equity $ 360,000 $ 450,000
Based on the balance sheets given for Just Dew It:
Calculate the current ratio for each year.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Calculate the quick ratio for each year.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Calculate the cash ratio for each year.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Calculate the NWC to total assets ratio for each year.
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.
Calculate the debt-equity ratio and equity multiplier for each year.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Calculate the total debt ratio and long-term debt ratio for each year.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.

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