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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW...

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 $   10,250        $ 10,750        Accounts payable $ 72,250     $ 58,000      
    Accounts receivable 28,850      28,800        Notes payable 46,500     45,500      
    Inventory 64,600      64,900          Total

$ 118,750    

$ 103,500      

     Total

$ 103,700     

$ 104,450   

  Long-term debt $ 57,900     $  64,300      
  Owners' equity
    Common stock and paid-in surplus $   80,000    $   80,000     
  Fixed assets     Retained earnings

177,050   

206,650     

  Net plant and equipment $ 330,000     $ 350,000        Total $ 257,050    $ 286,650     
  Total assets

$ 433,700    

$ 454,450   

  Total liabilities and
   owners' equity

$ 433,700   

$ 454,450     

Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2017.
a. Current ratio
b. Quick ratio
c. Cash ratio
d. NWC to total assets ratio
e. Debt-equity ratio and equity multiplier
f. Total debt ratio and long-term debt ratio
Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2018.
a. Current ratio
b. Quick ratio
c. Cash ratio
d. NWC to total assets ratio
e. Debt-equity ratio and equity multiplier
f. Total debt ratio and long-term debt ratio

rev: 12_20_2018_QC_CS-152109

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