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Homework 2.0 Check my work 5 Just Dow It Corporation reports the following balance sheet information for 2017 and 2018 10 Assets 2017 2018 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018 Baince Sheets Labtes and Owners Equity 2018 2017 Currentlobines $ 8,600 Accounts payable $ 51,840 22,600 Notes payable 24600 74,600 5 6,560 16.160 61.280 5 53,000 23.600 Total $ 84,000 $ 105,800 Total $ 73440 $ 76,600 $ 30,000 $ 32,000 Long term debt Owners' equity Common stock and paid in surplus Retained comings $ 40.000 174.560 $ 40,000 253,400 $294.200 Total $ 214,560 $236,000 $293,400 Net plant and equipment $320,000 Total liabilities and owners equity $400,000 Total assets $320.000 $400,000 Mc 5 10 points Based on the balance sheets given for Just Dew it a. Calculate the current ratio for each year. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) C. Calculate the cash ratio for each year. (Do not round intermediate 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 Intermediate calculations. 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 intermediate 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 intermediate calculations and round your answers to 2 decimal places, e.g. 32.16) Print 2017 2018 times timos times timos times % times a. Current ratio b. Quick ratio c Cash ratio d. NWC ratio 6. Debl-equity ratio Equity multiplier Total debt ratio Long-term debt ratio % times times times times times times times times

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