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2021 $ 65,470 Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets Cash BETHESDA MINING COMPANY Balance
2021 $ 65,470 Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets Cash BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners' Equity Current liabilities 2022 $82,487 Accounts payable Accounts receivable Inventory Total 65,281 116,676 $247,427 85,639 Notes payable 181,549 Total Owners equity Fixed assets $349,675 Long-term debt Common stock and paid-in surplus Accumulated retained earnings Net plant and equipment Total assets i 658,747 $906,174 Total 939,653 Total liabilities and owners' equity Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year: a. Current ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Quick ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Cash ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. d. Debt-equity ratio and equity multiplier. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. e. Total debt ratio.. 2021 2022 $186,922 $2,020 $194,611 133,598 $268,942 $320,199 $231,000 $167,750 $224,000 182,232 $406,232 $906,174 $224,000 219,704 $ 443,704 $939,653 a. Current ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Quick ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Cash ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. d. Debt-equity ratio and equity multiplier. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. e. Total debt ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. a. 2021 Current ratio 2022 Current ratio b. 2021 Quick ratio 2022 Quick ratio times times times times c. 2021 Cash ratio times 2022 Cash ratio times d. 2021 Debt-equity ratio times 2021 Equity multiplier times 2022 Debt-equity ratio times 2022 Equity multiplier times e. 2021 Total debt ratio times 2022 Total debt ratio times
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