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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 Inventory $ 63,014 64,781 117,852 Total $ 245,647 $ 79,447 85,139 182,862 $ 347,448 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term delt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 2021 $ 187,422 82,520 $ 269,942 $ 232,000 2022 $ 195,111 134,088 $ 329,199 $ 168,750 $ 223,000 216,427 $ 223,000 Fixed assets 179,352 Net plant and equipment $ 658,647 $ 589,928 $ 402,352 Total assets. $ 904,294 $ 937,376 Total liabilities and owners' equity $ 904,294 $ 937,376 $ 439,427 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.q., 32.16. es 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 2022 Current ratio b. 2021 Quick ratio 2022 Quick ratio times times times 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 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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