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reports the following balance sheet lreformation for 2017 and DEW T 2017 and 2018 Balance Sheets Currert labimes Notes payable Liabirtes and Owners Equity 2017 Curret aceet $ 6160o S 62160 25 200 Inventory Totsl Long-term debt - Owners equity s 76,000 80400 $ 48.000 36.oo0 Total s 107000 $129.360 Common stock and pald-in s 60,00o 60,000 216,00o Retsined comings s276.000 363,600 Net plant and equipment $293,000 $350.640 Totsl $400,000 $480.000o Tots sasets $400.000 $480.000 Total llabilites and owners equity Bazed on the baance sneets given for Just Dew he slculate the current rezio for esch yea: (Do not round intermediate calculations and round your answers to 2 decimal pleces. e.g- 3216.) round your answers to 2 decimol places, e.g. round your answers to 2 decimal places, e.g- 32.16.) sto for esch yes: (Do not round intermediate calculations and Intermediste calculstions and b. Calculate the quick r esch yesr. (Do not round intermediate slcuste the NWC co tors sasets stio for calculations. Enter your answers ase percent rounded to 2 d 3216) Intermediate celculations and round your anawers to 2 decimal places eg- 32.16.) and lang-tenm sest reto for esch yesr. (Do not round 2 decimal places. eg.. Intermediate colculeations and round your answers to 3216)
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Solution (Amount in $) Ratios 2018 1.61 Times o.50 Times 0.19 Times 10.2 % 0.32 Times 1.32 Times 0.24 Times 0.10 Times Working Note WN-2 WN-3 WN-4 WN-5 WN-6 WN-7 WN-8 WN 201 tio 0.41 0.10 7-75 0.45 1.45 0.31 0.1 3 Cash ratio 4 NWC Ratio tio ebt Long Term Debt Ratio Working Notes:- 1). General Calculations:- a). lCurrent Assets 2018 Cash Receivables Inventorv 15,120 25,200 89,040 129,360 201 7,400 23,400 200 107,oOO Current Liabilities 80400 76000 b). Calculation of Net Working Capital Working Capital-Current Assets Current Liabilities For 2018 For 201 129360-80400 - 107000-76o00 48,960 1,0002). Current Ratio 2018 2017 Current Assets Current Liabilities Current Assets Current Liabilities 129,360 80,400 107,oOO 1.61 Times 1.41 Times 3). Quick Ratio - Tota 1 Current Assets Invento Current Liabilities 2018 2017 129260 10700O 200 80400 0.50 Times 0.41 Times 4). Cash Ratio Cash Equivalent Current Liabilities 2018 2017 15120 80400 0.19 Times 0.10 Times 5). Net Working Capital to Total Assets Ratio Net Working Capital Total Assets 2018 2017 1,000 480,000 400,00o 0.102-10.2% 0.0 6). Debt Equity Ratio Total Liabilities Total Equity Long Term Debt Current Liabilities Total Equity 2018 2017 36ooo+80400 363,600 276,000 0.32 Times 0.45 Times7). Equity Multiplier Total Assets Total Equity 2018 2017 80,000 363,600 276,000 1.32 Times Times 8). Total Debt Ratio Total Debt - Total Assets Long Term Debt Current Liabilities Total Assets 2018 2017 360oo0+80400 480oo+ 480,000 400,00o 0.24 Times 0.31 Times 9). Long Term Debt Ratio Long Term DebtDebt Total Assets 2018 2017 6,000 363,600 8,ooo 276,000 0.10 Times 0.17 Times

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