Reference no: EM132072857
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 $ 10,620 $ 13,275 Accounts payable $ 52,560 $ 60,750 Accounts receivable 21,420 29,925 Notes payable 19,260 24,075 Inventory 67,860 82,575 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 207,180 293,175 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:
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 % %
e. Calculate the debt–equity ratio and equity multiplier for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Debt-equity ratio times times Equity multiplier
f. Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Total debt ratio times times Long-term debt ratio times times.
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