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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 60,538 $ 76,386 Accounts payable $ 187,922 $ 195,611 Accounts receivable 64,281 84,639 Notes payable 83,020 134,588 Inventory 119,029 184,177 Total $ 270,942 $ 330,199 345,202 Total $243,848 $ $233,000 $ 169,750 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $222,000 $222,000 176,453 213,131 Fixed assets Net plant and equipment 589,878 $658,547 $ Total $398,453 $ 435,131 Total assets $902,395 935,080 $ Total liabilities and owners' equity $902,395 $935,080 Calculate the following financial ratios for each year: 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 d. times times 2018 Debt-equity ratio 2018 Equity multiplier 2019 Debt-equity ratio 2019 Equity multiplier 2018 Total debt ratio times times e times 2019 Total debt ratio times
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