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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Bethesda Mining Company reports the following balance sheet information for 2018 and
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.
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 2018 2019 2018 2019 Liabilities and Owners' Equity Current liabilities Assets Current assets $ 72,718 $ 91,489 87,139 177,607 $ 185,422 $ 193,111 80,520 Cash Accounts payable Notes payable Accounts receivable 66,781 132,088 Inventory 113,146 $265,942 $325,199 Total 356,235 $252,645 $ Total Long-term debt $228,000 $ 164,750 Owners' equity Common stock and paid-in surplus Accumulated retained $ 227,000 $227,000 190,750 229,414 earnings Fixed assets Net plant and equipment 590,128 $ 417,750 $456,414 $659,047 $ Total 946,363 Total liabilities and owners' $ 911,692 $946,363 $ 911,692 $ Total assets equity Calculate the following financial ratios for each year: a. Current ratio. (Do not round intermediate calculations and round your answers to 2 E 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 b. 2018 Quick ratio 2019 Quick ratio c. 2018 Cash ratio 2019 Cash ratio d. 2018 Debt-equity ratio 2018 Equity multiplier 2019 Debt-equity ratio 2019 Equity multiplier 2018 Total debt ratio 2019 Total debt ratio times times times times times times times times times times times timesStep by Step Solution
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