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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022 Assets Current assets 2021 $ 58,042 63,781 120,205 Cash Accounts receivable
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022 Assets Current assets 2021 $ 58,042 63,781 120,205 Cash Accounts receivable Inventory Total $ 242,028 Fixed assets Net plant and equipment Total assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners! Equity Current liabilities 2022 $ 73,306 84,139 185,490 $ 342,935 Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 2021 $ 188,422 83,520 $271,942 $ 234,000 $221,000 173,533 $ 394,533 2022 $196,111 135,088 $ 331,199 $170,750 $221,000 209,814 $ 430,814 $658,447 $900,475 $589,828 $932,763 Total liabilities and owners' equity $ 900,475 $ 932,763 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.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 Simes 2022 Cash ratio times d. 2021 Debt-equity ratio simes 2021 Equity multiplier times 2022 Debt-equity ratio times 2022 Equity multiplier times < Prev 5 of 16 Next >
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