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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 2022

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 2021 2022 Liabilities and Owners Equity 2021 2022
Current assets Current liabilities
Cash $ 55,526 $ 70,205 Accounts payable $ 188,922 $ 196,611
Accounts receivable 63,281 83,639 Notes payable 84,020 135,588
Inventory 121,382 186,805 Total $ 272,942 $ 332,199
Total $ 240,189 $ 340,649 Long-term debt $ 235,000 $ 171,750
Owners equity
Common stock and paid-in surplus $ 220,000 $ 220,000
Fixed assets Accumulated retained earnings 170,594 206,478
Net plant and equipment $ 658,347 $ 589,778 Total $ 390,594 $ 426,478
Total assets $ 898,536 $ 930,427 Total liabilities and owners equity $ 898,536 $ 930,427

Based on the balance sheets given, calculate the following financial ratios for each year:

Calculate the following financial ratios for each year:

Current ratio.

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

Quick ratio.

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

Cash ratio.

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

Debt-equity ratio and equity multiplier.

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

Total debt ratio.

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

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