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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 21,182 $ 24,141 Accounts payable $ 180,108 $ 190,767 51,036 59,935 Notes payable 83,179 98,175 120,589 142,718 Total $ 263,287 $ 288,942 $ 192,807 $ 226,794 Long-term debt $305,000 $ 340,000 Owners' equity Common stock and paid-in $ 165,000 $ 178,000 surplus Accumulated retained 235,445 283,578 earnings Total Fixed assets Net plant and equipment $775,925 $ 863,726 Total $ 400,445 $ 461,578 Total assets $968,732 $1,090,520 Total liabilities and owners' equity $ 968,732 $1,090,520 Based on the balance sheets given, calculate the following financial ratios for each year: a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 Based on the balance sheets given, calculate the following financial ratios for each year: a. Current ratio. (Do not round intermediate calculations and round your answers to 2 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 times 2019 Current ratio times b. 2018 Quick ratio times 2019 Quick ratio times c. 2018 Cash ratio times 2019 Cash ratio times times times d. 2018 Debt-equity ratio 2019 Debt-equity ratio 2018 Equity multiplier 2019 Equity multiplier e. 2018 Total debt ratio times times times 2019 Total debt ratio times
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