Question
Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016
Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 52,990 $ 67,084 Accounts payable $ 189,422 $ 197,111 Accounts receivable 62,781 83,139 Notes payable 84,520 136,088 Inventory 122,559 188,119 Total $ 273,942 $ 333,199 Total $ 238,330 $ 338,342 Long-term debt $ 236,000 $ 172,750 Owners equity Common stock and paid-in surplus $ 219,000 $ 219,000 Fixed assets Accumulated retained earnings 167,635 203,121 Net plant and equipment $ 658,247 $ 589,728 Total $ 386,635 $ 422,121 Total assets $ 896,577 $ 928,070 Total liabilities and owners equity $ 896,577 $ 928,070 Based on the balance sheets given for Bethesda Mining, 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.) Current ratio 2015 times 2016 times b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Quick ratio 2015 times 2016 times c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Cash ratio 2015 times 2016 times d. Debtequity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Debtequity ratio Equity multiplier 2015 times times 2016 times times e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Total debt ratio 2015 times 2016 times
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