Calculate total debt ratio and long term debt ratio for each year. Transcribed Image Text: JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 2020 2021 Liabilities and Owners”

Calculate total debt ratio and long term debt ratio for each year. Transcribed Image Text: JUST DEW IT CORPORATION
2020 and 2021 Balance Sheets
2021
2020
2021
Liabilities and Owners” Equity
Current liabilities
Accounts payable
Notes payable
2020
Assets
Current assets
$ 50,000 $68,750
Cash
Accounts receivable
$ 6,600
12.200
78,200
$ 12,750
14,250
95.250
19.000
35.500
Inventory
$ 97,000 $ 122250
$ 69.000
$.
104,250
Total
Total
Long-term debt
$ 48,000 $ 45.000
Owners’ equity
Common stock and paid-in surplus $50,000 $ 50.000
Retained earnings
233,000 300,750
24
303,000
$4
283,000 350,750
Net plant and equipment
$ 377,750
Total
24
400,000 500,000
Total assets
Total liabilities and owners’ equity
400,000 5000,000

Do you need us to help you on this or any other assignment?


Make an Order Now