Need quick accurate answe Just Dew It Corporation reports the following balance sheet information for 2020 and2021.AssetsCurrent assetsCashAccounts receivableInventoryTotal2020Total assetsJUST DEW IT CORPORATION2020 and 2021 Balance Sheets2021$6,560$8,60016,16022,60061,280 74,600$ 84,000 $105,800$$Net plant and equipment 236,000 294,200$$320,000 400,000Liabilities and Owners' EquityCurrent liabilitiesAccounts payableNotes payableTotalTotalTotal liabilities and owners' equityBased on the balance sheets given for Just Dew It:a. Calculate the current ratio for each year. (Do not round intermediate calculationsand round your answers to 2 decimal places, e.g., 32.16.)2020Long-term debtOwners' equityCommon stock and paid-in surplus $40,000 $40,000Retained earnings174,560 253,400b. Calculate the quick ratio for each year. (Do not round intermediate calculations andround your answers to 2 decimal places, e.g., 32.16.)c. Calculate the cash ratio for each year. (Do not round intermediate calculations andround your answers to 2 decimal places, e.g., 32.16.)d. Calculate the NWC to total assets ratio for each year. (Do not round intermediatecalculations and antarnormant rounded to 2 decimal plac2021$ 51,840 $53,00021,600 23,600$73,440 $76,600$32,000 $30,000$ 214,560$293,400$$320,000 400,000 Based on the balance sheets given for Just Dew It:a. Calculate the current ratio for each year. (Do not round intermediate calculationsand round your answers to 2 decimal places, e.g., 32.16.)b. Calculate the quick ratio for each year. (Do not round intermediate calculations andround your answers to 2 decimal places, e.g., 32.16.)c.Calculate the cash ratio for each year. (Do not round intermediate calculations andround your answers to 2 decimal places, e.g., 32.16.)d. Calculate the NWC to total assets ratio for each year. (Do not round intermediatecalculations and 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 roundintermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)Calculate the total debt ratio and long-term debt ratio for each year. (Do not roundintermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)f.a. Current ratiob. Quick ratioc. Cash ratiod. NWC ratioe. Debt-equity ratioe. Equity multiplierf. Total debt ratiof. Long-term debt ratio2020timestimestimes%timestimestimestimes2021timestimestimes%timestimestimestimes

Assets20202021Liabilities and owner equity20202021Current assetsCurrent…

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory 2020 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $6,560 $8,600 16,160 22,600 61.280 74.600 2020 2021 $51,840 $ 53,000 21,600 23,600

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory 2020 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $6,560 $8,600 16,160 22,600 61.280 74.600 2020 2021 $51,840 $ 53,000 21,600 23,600

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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