Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5 Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Llabilities

image text in transcribed
5 Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Llabilities and Owners' Equity Current liabilities $ 21,182 $ 24,141 Accounts payable $ 180,108 $ 190,767 51,036 59,935 Notes payable 83,179 98.175 120.589 142.718 $263,287 $288.942 $ 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 235,445 earnings 283,578 Total Total rences 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. 3216.) d. Debt-equity ratio and equity multiplier (Do not round Intermediate calculations and round your answers to 2 decimal places, e... 32.16.) e. Total debt ratio. (Do not round Intermediate calculations and round your answers to 2 decimal places, e..., 32.16.) mes times mes la 2018 Current ratio 2010 Current ratio b. 2018 Quick ratio 2010 Quick ratio c. 2018 Cash ratio 2010 Cash ratio d. 2018 Debt-equity ratio 2010 Debt equity ratio 2012 Equity multiple 2010 Equity multiplier e 2016 Total debt rato 2010 Total debt rabo times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Planning & Analysis And Performance Management

Authors: Jack Alexander

1st Edition

1119491487, 9781119491484

More Books

Students also viewed these Finance questions

Question

How does your message use nonverbal communication?

Answered: 1 week ago

Question

What reactive strategies might you develop?

Answered: 1 week ago