2016 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 19,256 $ 21.946 Accounts payable $171,531 Accounts receivable 46,396 54,486 Notes payable 79,218 Inventory 109,626 129,253 Total $250,749 Total $175,278 $205,685 Long-term debt $255,000 Owners' equity Common stock and paid-in surplus $160,000 Fixed assets Accumulated retained earnings 214,915 Net plant and equipment $705,386 $785,205 $374,915 Total assets $880,664 $990,890 Total liabilities and owners' equity $880,664 $153,984 107,606 $261,590 $278,500 Total $170,000 280,800 $450,800 $990,890 LO1 15. Preparing Standardized Financial Statements. Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining, LO 2 16. Calculating Financial Ratios. Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: a. Current ratio b. Quick ratio c. Cash ratio d. Debt-equity ratio and equity multiplier e. Total debt ratio LO 3 17. DuPont Identity. Suppose that the Bethesda Mining Company had sales of $2,945,376 and net income of $89,351 for the year ending December 31, 2016. Calculate the DuPont identity