Answer a.
2017:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $74,250 / $58,350
Current Ratio = 1.27 times
2018:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $99,800 / $68,400
Current Ratio = 1.46 times
Answer b.
2017:
Quick Ratio = (Current Assets – Inventory) / Current
Liabilities
Quick Ratio = ($74,250 – $58,350) / $58,350
Quick Ratio = 0.27 times
2018:
Quick Ratio = (Current Assets – Inventory) / Current
Liabilities
Quick Ratio = ($99,800 – $75,800) / $68,400
Quick Ratio = 0.35 times
Answer c.
2017:
Cash Ratio = Cash / Cash Liabilities
Cash Ratio = $4,350 / $58,350
Cash Ratio = 0.07 times
2018:
Cash Ratio = Cash / Cash Liabilities
Cash Ratio = $9,800 / $68,400
Cash Ratio = 0.14 times
Answer d.
2017:
NWC Ratio = Net Working Capital/ Total Assets
Net Working Capital = Current Assets – Current Liabilities
Net Working Capital = $74,250 - $58,350 = $15,900
Total Assets = $74,250 + $225,750 = $300,000
NWC Ratio = $15,900 / $300,000
NWC Ratio = 5.30%
2018:
NWC Ratio = Net Working Capital/ Total Assets
Net Working Capital = Current Assets – Current Liabilities
Net Working Capital = $99,800 - $68,400 = $31,400
Total Assets = $99,800 + $300,200 = $400,000
NWC Ratio = $31,400 / $400,000
NWC Ratio = 7.85%
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 JUST DEW...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 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...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
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...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 7,950 $ 11,800 Accounts payable $ 40,500 $ 45,800 Accounts receivable 23,550 29,000 Notes payable 14,850 20,800 Inventory 36,750 47,000 Total $ 68,250 $ 87,800 Total $ 55,350 $ 66,600 Long-term debt $ 30,000 $ 24,000 Owners’ equity Common stock and...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 8,850 $ 14,200 Accounts payable $ 37,500 $ 46,600 Accounts receivable 15,750 23,000 Notes payable 11,850 19,400 Inventory 34,650 52,200 Total $ 59,250 $ 89,400 Total $ 49,350 $ 66,000 Long-term debt $ 27,000 $ 24,000 Owners’ equity Common stock and...
С https 10 Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 10 2017 and 2018 Balance Sheets Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 12,157 14,105 $ 46,382 49276 9,784 Accounts payable 29382 32815 Notes payable 54,632 8,246 57,204 Total 96,171 104,124 Total $64628 69060 $ 49,000 45,000 Common stock and paid-n s 50000 s 50000 299784 315,894 $349,784 $365,894 and owners$463,412 $479,954 Long-term debt Owners equity Retained earnings Net...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 9,800 Accounts payable $ 48,000 14,200 Notes payable 10,350 75,800 Current assets Cash Accounts receivable Inventory $ $ 49,800 18,600 $ 4,350 11,550 58,350 $ 74,250 Total $ 99,800 Total $ 58,350 $ 68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid-in $45.000 surplus Retained earnings 154,650 $ 45,000 252,600 Net plant and equipment $225,750 $300,200...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 12.750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ Current assets Cash Accounts receivable Inventory $ 6,600 12,200 78,200 $ 68,750 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 $ 48,000 $ 104,250 $ 45,000 Long-term debt Owners' equity Common stock and paid-in $ 50.000 surplus Retained earnings 233,000 $ 50,000 300,750 Total $ 97,000 $ 122,250...
Questions E and F please
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $ 13,280 14,600 19,200 51,000 $63,200 84,800 Accounts payable Notes payable $ 40,000 $41,800 21,600 7,520 14,240 receivable Inventory 42,400 Total Total $54,240 63,400 Long-term debt $32,000 24,000 Owners' equity Common stock and paid-in $ 40,000 40,000 surplus 272,600 $233,760 312,600 Total liabilities and owners $320,000 $400,000 Retained earnings 193,760 Net...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 12,157 $ 14,105 Accounts payable $ 46,382 $ 49,276 Accounts receivable 29,382 32,815 Notes payable 18,246 19,784 Inventory 54,632 57,204 Total $ 96,171 $ 104,124 Total $ 64,628 $ 69,060 Long-term debt $ 49,000 $ 45,000 Owners’ equity Common stock and paid-in...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 17,775 Accounts payable $ 46,875 16,425 Notes payable 19,125 56,925 Assets 2017 Current assets Cash $ 12,000 Accounts receivable 12,750 Inventory 50,250 2018 $ $ 55,575 24,750 Total $ 75,000 $ 91,125 Total $ 66,000 $ 30,000 $ 80,325 $ 27,000 Long-term debt Owners' equity Common stock and paid-in...