BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,182 $ 24,141 Accounts payable $180,108 $19 Accounts receivable 51,036 59,935 Notes payable 83,179 Inventory 120,589 142,718 Total $263,287 $2 Total $192,807 $226,794 Long-term debt $305,000 $34 Owners' equity Common stock and paid-in surplus $165,000 $17 Accumulated retained earnings 235,4 2 Fixed assets Net plant and equipment $775,925 $863,726 Total $400,445 $4 Total assets $968,732 $1,090,520 Total liabilities and owners' equity $968,732 $1,0 LO2 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 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,182 $ 24,141 Accounts payable $180,108 $19 Accounts receivable 51,036 59,935 Notes payable 83,179 Inventory 120,589 142,718 Total $263,287 $2 Total $192,807 $226,794 Long-term debt $305,000 $34 Owners' equity Common stock and paid-in surplus $165,000 $17 Accumulated retained earnings 235,4 2 Fixed assets Net plant and equipment $775,925 $863,726 Total $400,445 $4 Total assets $968,732 $1,090,520 Total liabilities and owners' equity $968,732 $1,0 LO2 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