Need help ASAP. Thank you! Just Dew It Corporation reports the following balance sheet...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Need help ASAP. Thank you!
Just Dew It Corporation reports the following balance sheet Information for 2020 and 2021. Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate the cash ratio for each year. (Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Calculate the NWC to total assets ratio for each year. (Do not round Intermedlate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) e. Calculate the debt-equity ratio and equity multiplier for each year. (Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) f. Calculate the total debt ratio and long-term debt ratio for each year. (Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is not complete. \begin{tabular}{|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ a. Current ratio } & \multicolumn{2}{|l|}{2020} & \multicolumn{2}{|l|}{2021} \\ \hline & 1.41% & times & 1.61 & times \\ \hline b. Quick ratio & 0.41 & times & 0.50t & times \\ \hline c. Cash ratio & 0.10 & times & 0.19t & times \\ \hline d. NWC ratio & 0.08 & % & 0.10 & % \\ \hline e. Debt-equity ratio & & times & & times \\ \hline e. Equity multiplier & & times & & times \\ \hline f. Total debt ratio & & times & & times \\ \hline \begin{tabular}{l} f. Long-term debt \\ ratio \end{tabular} & & times & & times \\ \hline \end{tabular}
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!