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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets 2021 BETHESDA MINING COMPANY Balance Sheets as of
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets 2021 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 $ 63,014 64,781 117,852 Cashi Accounts receivable $ 245,647 Inventory Total 2022 $ 79,447 85,139 182,862 $ 347,448 Liabilities and Owners' Equity Current Liabilities Accounts payable Notes payable Total Long-term debt Owners' equity 2021 $ 187,422 82,520 269,942 2022 $ 195,111 134,088 $ 329,199 $ 168,750 $ $ 232,000 $ 223,000 Fixed assets Net plant and equipment $ 658,647 $ 589,928 Total assets $ 984,294 $ 937,376 Total liabilities and owners' equity $ 402,352 $ 904,294 $ 439,427 $ 937,376 Common stock and paid-in surplus Accumulated retained earnings Total 179,352 $ 223,000 216,427 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 times times b. 2021 Quick ratio times 2022 Quick ratio. times c. 2021 Cash ratio times
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