16. Sources and Uses of Cash [LO4] For each account on this company’s balance sheet, show the change in the account during 2015 and note whether this change was asource or use of cash. Do your numbers add up and make sense? Explain your answer for total assets as compared to your answer for total liabilities and owners’ equity.
17. Calculating Financial Ratios [LO2] Based on the balance sheets given for Just Dew It, calculate the following financial ratios for each year:
a. Current ratio. b. Quick ratio. c. Cash ratio. d. NWC to total assets ratio. e. Debt–equity ratio and equity multiplier. f. Total debt ratio and long-term debt ratio.
18. Using the DuPont Identity [LO3] Y3K, Inc., has sales of $5,783, total assets of $2,604, and a debt–equity ratio of .75. If its return on equity is 11 percent, what is its net income?
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