Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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 $ 21182 $ 24141 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 earings 235.445 283,578 Total Fixed assets Net plant and equipment $775,925 $ 863,726 Total $400.445 $ 461.578 Total assets $968,732 $1,090,520 Totabilities 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 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.) B. 2018 Current ratio 2019 Current ratio b. 2018 Quick ratio 2019 Quick ratio C. 2016 Cash ratio 2019 Cash ratio d. 2018 Debt-equity ratio 2019 Debt-equity ratio 2018 Equity multiplier 2019 Equity multiplier e. 2018 Total dato 2015 Total debt into times times times times times time times times Ime mes times tres

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance Governance And Business Cycles Theory And International Comparisons

Authors: Robert E. Krainer

1st Edition

0444510494, 9780444510495

More Books

Students also viewed these Finance questions

Question

I need help creating needed formulas

Answered: 1 week ago