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(Solved): Just Dew It Corporation reports the following balance sheet information for 2020 and \( 2021 . \) ...



Just Dew It Corporation reports the following balance sheet information for 2020 and \( 2021 . \)
Based on the balance sheets

Just Dew It Corporation reports the following balance sheet information for 2020 and \( 2021 . \) 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 round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations 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 round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) f. Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)


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a. Compute the current ratio for year 2020, using the equation as shown below: Current ratio=Current assets/Current liabilities=$74,250$58,350=1.27 He
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