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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Assets Current assets Cash $ 65,470 $82,487 Accounts receivable 65,281 85,639
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Assets Current assets Cash $ 65,470 $82,487 Accounts receivable 65,281 85,639 181,549 Inventory 116,676 Total Fixed assets Net plant and equipment BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Total assets 349,675 $247,427 $1 $658,747 $ *589,978 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Total $906,174 $939,653 Total liabilities and owners' equity Calculate the following financial ratios for each year: 2018 2019 Long-term debt $ 231,000 $ 167,750 Owners' equity Common stock and paid-in $224,000 $224.000 surplus Accumulated retained 182,232 219,704 earnings $186,922 $ 194,611 82,020 133,588 $268,942 $328,199 $406,232 $443,704 $906,174 $939,653 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 e times times times times times times times times times times times times
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a Current ratio of 2018 is computed as follows current assets current liabilities 247427 268942 092 ...Get Instant Access to Expert-Tailored Solutions
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