JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 10,150 $ 10,350 Accounts payable $ 74,500 $...







































































































JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
AssetsLiabilities and Owners' Equity
2017201820172018
  Current assets  Current liabilities
    Cash$   10,150  $ 10,350    Accounts payable$ 74,500$  61,250
    Accounts receivable27,10027,250    Notes payable48,50049,250
    Inventory62,90063,500      Total

$ 123,000



$  110,500


     Total

$ 100,150



$  101,100


  Long-term debt$ 59,400$  64,900
  Owners' equity
    Common stock and paid-in surplus$   80,000$   80,000
  Fixed assets    Retained earnings

171,750



192,700


  Net plant and equipment$ 334,000$ 347,000    Total$ 251,750$ 272,700
  Total assets

$ 434,150



$ 448,100


  Total liabilities and
   owners' equity

$ 434,150



$ 448,100









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  total asset ratio


E. Debt-Equity Ratio and equity multiplier


F. Total Debt Ratio  and ling 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  total asset ratio


E. Debt-Equity Ratio and equity multiplier


F. Total Debt Ratio  and ling term debt Ratio





Jun 06, 2022
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