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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 $ 52,990 62,781 122,559 2022 $ 67,084 83,139 188,119 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt 2021 $ 189,422 84,520 2022 $ 197,111 136,088 $ 333,199 Cash Accounts receivable Inventory $ 273,942 Total $ 238,330 $ 338,342 $ 236,000 $ 172,750 Owners' equity Fixed assets Net plant and equipment Total assets $ 658,247 $ 896,577 $ 589,728 Common stock and paid-in surplus Accumulated retained earnings Total $ 219,000 167,635 $ 219,000 203,121 $ 928,070 Total liabilities and owners' equity $ 386,635 $ 896,577 $ 422,121 $ 928,070 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 times 2022 Current ratio times b. 2021 Quick ratio times 2022 Quick ratio times c. 2021 Cash ratio times 2022 Cash ratio times d. 2021 Debt-equity ratio times 2021 Equity multiplier times 2022 Debt-equity ratio times 2022 Equity multiplier times e. 2021 Total debt ratio times 2022 Total debt ratio times

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