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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 $ 26,530 $ 34,778 Accounts payable 57,781 78,139 Notes payable 134,324 201,260 Total $ 218,635 $ 314,177 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 657,247 $ 589,228 Total $ 875,882 $ 903,405 Total liabilities and owners' equity $ 194,422 89,520 $ 283,942 $ 246,000 $ 202,111 141,088 $ 343,199 $ 182,750 Fixed assets Net plant and equipment Total assets $ 209,000 136,940 $ 345,940 $ 875,882 $ 209,000 168,456 $ 377,456 $ 903,405 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.) 2015 2016 Total debt ratio times times
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