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2 Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 30 points Skipped BETHESDA MINING COMPANY Balance Sheets as of December
2 Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 30 points Skipped BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 65,470 $82,487 Accounts payable $ 186,922 $ 194,611 65,281 85,639 Notes payable 82,020 133,588 116,676 181,549 Assets Current assets Cash Accounts receivable Inventory eBook Reference Total $268,942 $ 328,199 Total $247,427 $349,675 Long-term debt $ 231,000 $ 167,750 Owners' equity Common stock and paid- in surplus $224,000 $224,000 Accumulated retained 182,232 219,704 earnings Fixed assets Net plant and equipment $658,747 $589,978 Total $406,232 $ 443,704 Total assets $906,174 $939,653 Total liabilities and owners' equity $ 906,174 $ 939,653 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 times times times times times times a. 2018 current ratio 2019 current ratio b. 2018 Quick ratio 2019 Quick ratio c. 2018 Cash ratio 2019 Cash ratio 2018 Debt-equity d. ratio 2018 Equity multiplier 2019 Debt-equity ratio 2019 Equity multiplier 2018 Total debt e ratio 2019 Total debt ratio times times times times times
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