Homework Helper

Not Rated (0)

$17/per page/

About Homework Helper

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Art & Design,Chemistry,Economics,Essay writing Hide all
Teaching Since: Apr 2017
Last Sign in: 452 Weeks Ago, 3 Days Ago
Questions Answered: 3232
Tutorials Posted: 3232

Education

  • MBA,MCS,M.phil
    Devry University
    Jan-2008 - Jan-2011

  • MBA,MCS,M.Phil
    Devry University
    Feb-2000 - Jan-2004

Experience

  • Regional Manager
    Abercrombie & Fitch.
    Mar-2005 - Nov-2010

  • Regional Manager
    Abercrombie & Fitch.
    Jan-2005 - Jan-2008

Category > Business & Finance Posted 17 Jun 2017 My Price 8.00

Just Dew It Corporation reports the following balance sheet information for 2011 and 2012

Just Dew It Corporation reports the following balance sheet information for 2011 and 2012.

  

JUST DEW IT CORPORATION
2011 and 2012 Balance Sheets
Assets   Liabilities and OwnersAc€?c Equity
  2011   2012     2011   2012
  Current assets                   Current liabilities              
      Cash $ 6,600     $ 12,750           Accounts payable $ 50,000     $ 68,750  
      Accounts receivable   12,200       14,250           Notes payable   19,000       35,500  
      Inventory   78,200       95,250                    
                                 
        Total $ 97,000     $ 122,250             Total $ 69,000     $ 104,250  
                                 
                    Long-term debt $ 48,000     $ 45,000  
                    OwnersAc€?c equity              
                        Common stock and paid-in surplus $ 50,000     $ 50,000  
                        Retained earnings   233,000       300,750  
                                 
  Net plant and equipment $ 303,000     $ 377,750       Total $ 283,000     $ 350,750  
                                 
  Total assets $ 400,000     $ 500,000       Total liabilities and ownersAc€?c equity $ 400,000     $ 500,000  
                                 
 

  

Based on the balance sheets given for Just Dew It:

    

a.

Calculate the current ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

    

  2011 2012
  Current ratio times times
 

   

b.

Calculate the quick ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

    

  2011 2012
  Quick ratio times times
 

  

c.

Calculate the cash ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

    

  2011 2012
  Cash ratio times times
 

  

d.

Calculate the NWC to total assets ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

     

  2011 2012
  NWC ratio % %
 

  

e.

Calculate the debtAc€?oequity ratio and equity multiplier for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

  

  2011 2012
  Debt-equity ratio times times
  Equity multiplier                  
 

    

f.

Calculate the total debt ratio and long-term debt ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

  

  2011 2012
  Total debt ratio times times
  Long-term debt ratio times times

Answers

Homework Helper
Not Rated (0)
Status NEW Posted 17 Jun 2017 01:06 PM My Price 8.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l

Not Rated(0)