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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 Assets Current assets 2021 2022 Liabilities and Owners' Equity Current liabilities Cash Accounts receivable Inventory $ 40,010 60,281 128,441 $ 51,181 80,639 194,689 Accounts payable Notes payable Total $ 278,942 2021 $ 191,922 87,020 2022 $ 199,611 138,588 $ 338,199 Total $ 228,732 $ 326,509 Long-term debt $ 241,000 $ 177,750 Owners' equity Fixed assets Net plant and equipment $ 657,747 $ 589,478 Common stock and paid-in surplus Accumulated retained earnings Total $ 214,000 152,537 $ 214,000 186,038 Total assets $ 886,479 $ 915,987 Total liabilities and owners' equity $ 366,537 $ 886,479 $ 400,038 $ 915,987 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. 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. a. 2021 Current ratio a. 2022 Current ratio b. 2021 Quick ratio b. 2022 Quick ratio times times times times c. 2021 Cash ratio times .2022 Cash ratio times d. 2021 Debt-equity ratio times d. 2021 Equity multiplier times d. 2022 Debt-equity ratio times d. 2022 Equity multiplier times e. 2021 Total debt ratio times e. 2022 Total debt ratio times
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