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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets 2021 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners' Equity 2022 Current liabilities Accounts payable Notes payable $ 31,982 58,781 131,971 $ 222,734 $ 657,447 $ 880, 181 $ 41,399 79,139 198,632 $ 319,170 $ 589,328 $ 908,498 Total Long-term debt Owners' equity. Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year: a. Current ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Quick ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Cash ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. d. Debt-equity ratio and equity multiplier. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. e. Total debt ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. 2021 $ 193,422 88,520 $ 281,942 $ 244,000 $ 211,000 143,239 $ 354,239 $ 880, 181 2022 $ 201,111 140,088 $ 341,199 $ 180,750 $ 211,000 175,549 $ 386,549 $908,498
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