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All the ones for 2014 are wrong ces Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. BETHESDA MINING COMPANY Balance

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ces Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $72,718 $91,489 $185,422 Accounts payable Notes payable Accounts receivable 66,781 87,139 Inventory 113,146 177,607 Total Total $252,645 $ 356,235 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Fixed assets Net plant and equipment 590,128 $659,047 $ Total Total assets $ 911,692 $946,363 Total liabilities and owners equity 2014 $ 193,111 80,520 132,088 $265.942 $325,199 $228,000 $164,750 $227,000 $227.000 190.750 229,414 $ 417,750 $456,414 $911,692 $946,363 Required: Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: (a) Current ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Current ratio 0.95 times. 2013 2014 2.70 times (b) Quick ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Quick ratio 2013 2014 0.52 times 1.35 times (c) Cash ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Cash ratio 0.27 times 2013 2014 0.69 times (d) Debt-equity ratio and equity multiplier. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) (d) Debt-equity ratio and equity multiplier. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Debt-equity ratio Equity multiplier 2:18 times 2013 118 times 2014 0.29 times 129 times (e) Total debt ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g.. 32.16).) Total debt ratio 2013 2014 0.54 times 0.23 times

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