answer for 15,17

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 Total $374,915 Total assets $880,664 $990,890 Total liabilities and owners' equity $880,664 $153,984 107,606 $261,590 $278,500 $170,000 280,800 $450,800 $990,890 LO 1 LO 2 a. 15. Preparing Standardized Financial Statements. Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining. 16. Calculating Financial Ratios. Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: Current ratio b. Quick ratio Cash ratio d. Debt-equity ratio and equity multiplier Total debt ratio 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. C. e. LO 3