answer for no.15

BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 Assets 2016 Current assets Cash Accounts receivable Inventory Total $ 19,256 46,396 109,626 $175,278 $ 21,946 54,486 129,253 $205,685 2015 Llabilities and Owners' Equity Current liabilities Accounts payable $171,531 Notes payable 79,218 Total $250,749 Long-term debt $255,000 Owners' equity Common stock and paid-in surplus $160,000 Accumulated retained earnings 214,915 $374,915 Total liabilities and owners' equity $880,664 $153,984 107,606 $261,590 $278,500 Fixed assets Net plant and equipment $705,386 Total assets $880,664 $170,000 280.800 $450,800 $990,890 $990,890 LO 1 LO 2 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: a. Current ratio b. Quick ratio c. Cash ratio d. Debt-equity ratio and equity multiplier e. 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. 18. DuPont Identity. The Cavo Company has an ROA of 8.1 percent, a profit LO3 LO 3