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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Thank you! BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.
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BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 63,014 $ 79,447 Accounts payable $ 187,422 $ 195,111 Accounts receivable 64,781 85,139 Notes payable 82,520 134,088 182,862 Inventory 117,852 Total $269,942 $ 329,199 Total $245,647 $ 347,448 $232,000 $ 168,750 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $223,000 $223,000 179,352 216,427 Fixed assets Net plant and equipment 589,928 $658,647 $ Total $402,352 $ 439,427 Total assets 937,376 $904,294 $ Total liabilities and owners' equity $904,294 $ 937,376 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., 32.16.) d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. 2018 current ratio 2019 current ratio 2018 Quick ratio 2019 Quick ratio times times times b. times c. 2018 Cash ratio times times d. times times 2019 Cash ratio 2018 Debt-equity ratio 2018 Equity multiplier 2019 Debt-equity ratio 2019 Equity multiplier 2018 Total debt ratio times times times e 2019 Total debt ratio timesStep by Step Solution
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