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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 2018 2019 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 2018 2019 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 47,858 $60,783 Accounts payable Accounts receivable 61,781 82,139 Notes payable Inventory 124,912 190,747 $ 190,422 $ 198,111 85,520 137,088 Total $275,942 $ 335,199 Total 333,669 $ 234,551 $ Long-term debt $238,000 $ 174,750 Owners' equity Common stock and paid-in $ 217,000 $ 217,000 surplus Accumulated retained 161,656 196,348 earnings Fixed assets Net plant and equipment $ 658,047 $589,628 Total $378,656 $ 413,348 Total assets $892,598 $ 923,297 Total liabilities and owners' equity $892,598 $923,297 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 2019 current ratio b. 2018 Quick ratio 2019 Quick ratio c. 2018 Cash ratio 2019 Cash ratio d. 2018 Debt-equity ratio 2018 Equity multiplier 2019 Debt-equity ratio 2019 Equity multiplier 2018 Total debt ratio 2019 Total debt ratio times times times times times times times times times times times times e
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