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

Just Dew It Corporation reports the 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   Current liabilities
    Cash $   10,450        $ 10,000        Accounts payable $ 70,750     $ 63,000      
    Accounts receivable 27,800      28,750        Notes payable 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
    Common stock and paid-in surplus $   90,000    $   90,000     
  Fixed assets     Retained earnings

144,300   

182,150     

  Net plant and equipment $ 318,000     $ 344,000        Total $ 234,300    $ 272,150     
  Total assets

$ 419,450    

$ 445,850   

  Total liabilities and
   owners' equity

$ 419,450   

$ 445,850     

Requirement 1:
Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year
2008.
(a) Current ratio

(Click to select)0.840.710.910.770.97

(b) Quick ratio
(Click to select)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 equity multiplier

(Click to select)0.79 and 1.790.73 and 1.650.91 and 2.060.67 and 1.520.85 and 1.93

  

(f) Total debt ratio and Long-term debt ratio

(Click to select)0.4 and 0.190.37 and 0.150.44 and 0.220.48 and 0.250.51 and 0.29

Requirement 2:
Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the 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 equity multiplier

(Click to select)0.54 and 1.390.59 and 1.510.69 and 1.770.64 and 1.640.74 and 1.89

(f) Total debt ratio and Long-term debt ratio

(Click to select)0.36 and 0.160.39 and 0.190.33 and 0.130.45 and 0.250.42 and 0.22

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