Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bethesda Mining Company reports the following balance sheet Information for 2018 and 2019 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019

image text in transcribed
image text in transcribed
Bethesda Mining Company reports the following balance sheet Information for 2018 and 2019 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Llabilities and Owners' Equity Current assets Current liabilities Cash $ 63,014 $ 79,447 Accounts payable $ 187,422 $ 195,111 Accounts receivable 64,781 85,139 Notes payable 82,520 134.088 Inventory 117.852 182.862 Total $269,942 $ 329,199 Total $245,647 $ 347.448 $232,000 $ 168,750 Long-term debt Owners' equity Common stock and paid in surplus Accumulated retained earnings $223,000 $223,000 179,352 216,427 Fixed assets Net plant and equipment $658,647 $589,928 Total $402,352 $ 439,427 Total assets $904,294 $ 937,376 Total liabilities and owners equity $904,294 $ 937,376 7 Calculate the following financial ratios for each year 10 points 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.) eBook Ask a. times times Print b. 2018 current ratio 2010 current ratio 2018 Quick ratio 2010 Quick ratio 2018 Cash ratio times times times References times d. times times 2010 Cash ratio 2018 Debt-equity ratio 2018 Equity multiplier 2010 Debt-equity ratio 2019 Equity multiplier 2018 Total debt ratio times times times e 2019 Total debt ratio times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Capital Markets Institutions Instruments And Risk Management

Authors: Frank J. Fabozzi

5th Edition

0262029480, 9780262029483

More Books

Students also viewed these Finance questions