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 2019 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 2019
Assets20182019 LiabilitiesandOwners' Equity20182019
Current assets Current liabilities
Cash$26,530$34,778 Accounts payable$194,422$202,111
Accounts receivable57,78178,139NotesPyable89,520141,088
Inventory134,324201,260
Total$283,942$343,199 Total$218,635$314,177
2018 2019
Long-term debt$246,000$182,750
Owners' equity
Common stock and paid
Srplus $209,000$209,000
Accumulated retained earnings
136,940168,456
Fixed assets 2018 2019 2018 2019
Net plant and equipment$657,247$589,228Total$345,940$377,456
Total assets $875,882$903,405Total liabilities and owners'
equity$875,882$903,405
a.Current ratio for 2018 and 2019(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
b.Quick ratio or 2018 and 2019.(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
c.Cash ratio for 2018 and 2019(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
d.Debt-equity ratio and equity multiplier for 2018 and 2019(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
e.Total debt ratio for 2018 and 2019(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
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