Question
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 20192018201920182019 Assets
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2018 and 20192018201920182019AssetsLiabilitiesandOwners' EquityCurrent assetsCurrent liabilitiesCash$70,322$88,509Accounts payable$185,922$193,611Accounts receivable66,28186,639Notes payable81,020132,588Inventory114,322178,920
Total$266,942$326,199Total$250,925$354,068
Long-term debt$229,000$165,750Owners' equityCommon stock and paid-in surplus$226,000$226,000Accumulated retained earnings187,930226,197Fixed assets
Net plant and equipment$658,947$590,078Total$413,930$452,197
Total assets$909,872$944,146Total liabilities and owners' equity$909,872$944,146
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.)
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