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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets BETHESDA MINING COMPANY Balance Sheets as of December
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 2022 Cash Accounts receivable $ 47,858 61,781 124,912 $234,551 $ 60,783 82,139 190,747 $ 333,669 Inventory Total Fixed assets Net plant and equipment Total assets $ 658,047 $892,598 $589,628 $923,297 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 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 $ 190,422 85,520 $275,942 $ 238,000 $ 217,000 161,656 $ 378,656 $ 892,598 2022 $198,111 137,088 $335,199 $174,750 $217,000 196,348) $ 413,348 $923,297 a. 2021 Current ratio times 2022 Current ratio times b. 2021 Quick ratio: times 2022 Quick ratio times c. 2021 Cash ratio times 2022 Cash ratio times d. 2021 Debt-equity ratio times 2021 Equity multiplier times 2022 Debt-equity ratio times 2022 Equity multiplier times e. 2021 Total debt ratio times 2022 Total debt ratio times
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