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Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. 2015 2016 Assets Current assets Cash Accounts receivable Inventory Total BETHESDA MINING
Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. 2015 2016 Assets Current assets Cash Accounts receivable Inventory Total BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 Liabilities and Owners' Equity Current liabilities $ 40,010 $ 51,181 Accounts payable 60,281 80,639 Notes payable 128,441 194,689 Total $ 228,732 $ 326,509 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 657,747 $ 589,478 Total $ 886,479 $ 915,987 Total liabilities and owners' equity $ 191,922 87,020 $ 278,942 $ 241,000 $ 199,611 138,588 $ 338,199 $177,750 Fixed assets Net plant and equipment Total assets $ 214,000 152,537 $ 366,537 $ 886,479 $ 214,000 186,038 $ 400,038 $ 915,987 ent Based on the balance sheets given for Bethesda Mining, 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.) Current ratio times 2015 2016 times b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 2015 2016 Quick ratio times times c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 2015 2016 Cash ratio times times c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 2015 2016 Cash ratio times times d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 2015 2016 Debt-equity ratio times times Equity multiplier times times e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Total debt ratio times 2015 2016 times
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