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Just Dew It Corporation reports the following balance sheetinformation for 2014 and 2015. JUST DEW IT CORPORATION2014 and 2015 Balance SheetsAssetsLiabilities and Owners’ Equity2014201520142015 Current assets Current liabilities Cash$12,000$17,775 Accounts payable$46,875$55,575 Accounts receivable12,75016,425 Notes payable19,12524,750 Inventory50,25056,925 Total$75,000$91,125 Total$66,000$80,325 Long-term debt$30,000$27,000 Owners’ equity Common stock and paid-insurplus$45,000$45,000 Retained earnings234,000297,675 Net plant and equipment$300,000$358,875 Total$279,000$342,675 Total assets$375,000$450,000 Total liabilities and owners’ equity$375,000$450,000 Based on the balance sheets given for Just Dew It: a.Calculate the current ratio for each year.Calculate the quick ratio for each year.(Do not round intermediate calculations.Round your answers to 2 decimal places, e.g., 32.16.) 20142015 Quick ratiotimestimes c.Calculate the cash ratio for each year.(Do not round intermediate calculations.Round your answers to 2 decimal places, e.g., 32.16.) 20142015 Cash ratiotimestimes 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.) 20142015 NWC ratio%% e.Calculate the debt–equity ratio and equity multiplier for eachyear. (Do not round intermediatecalculations. Round your answers to 2 decimal places, e.g.,32.16.) 20142015 Debt-equity ratiotimestimes Equity multiplier f.Calculate the total debt ratio and long-term debt ratio for eachyear. (Do not round intermediatecalculations. Round your answers to 2 decimal places, e.g.,32.16.) 20142015 Total debt ratiotimestimes Long-term debt ratiotimestimes