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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
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 $ 60,538 $ 76,386 Accounts payable $ 187,922 $ 195,611 64,281 84,639 Notes payable 83,020 134,588 119,029 184,177 Total $ 270,942 $ 330,199 Total 345,202 $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 935,080 $902,395 $ Total liabilities and owners' equity $902,395 $935,080 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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