Reference no: EM13846076
alculate the NWC to total assets ratio for each year. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places,
e.g., 32.16.) 2014 2015 NWC ratio % % Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014 and
2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 11,000 $ 14,250 Accounts payable $ 54,000 $ 63,750 Accounts receivable 27,000 36,750 Notes payable 14,800 20,500 Inventory 75,000 96,250 Total $ 113,000 $ 147,250 Total $ 68,800 $ 84,250 Long-term debt $ 50,000 $ 40,000 Owners' equity Common stock and paid-in surplus $ 55,000 $ 55,000 Retained earnings 226,200 320,750 Net plant and equipment $ 287,000 $ 352,750 Total $ 281,200 $ 375,750 Total assets $ 400,000 $ 500,000
Total liabilities and owners' equity $ 400,000 $ 500,000 Based on the balance sheets given for Just Dew It: