2 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,182 $ 24,141 Accounts payable $ 180,108 $ 190,767 Accounts receivable 51,036 59,935 Notes payable 83,179 98,175 Inventory 120,589 142,718 Total $ 263,287 $ 288,942 Total $ 192,807 $ 226,794 Long-term debt $305,000 $ 340,000 Owners' equity Common stock and paid-in $ 165,000 $ 178,000 $ surplus Accumulated retained earnings 235,445 283,578 Fixed assets Net plant and equipment $775,925 $ 863,726 Total $400,445 $ 461,578 Total assets $968,732 $1.090,520 Total liabilities and owners equity $968,732 $1,090,520 Based on the balance sheets given, calculate the following financial ratios for each year: a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Quick ratio (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) c. Cash ratio (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) times a. 2018 Current ratio 2019 Current ratio times b. 2018 Quick ratio times times 2019 Quick ratio 2018 Cash ratio times c . 2019 Cash ratio times times times times d. 2018 Debt-equity ratio 2019 Debt-equity ratio 2018 Equity multiplier 2019 Equity multiplier e. 2018 Total debt ratio 2019 Total debt ratio times times times