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Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016

Bethesda Mining Company reports the following balance sheet information for 2015 and 2016.

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BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities $ 65,470 S82,487 Accounts payable Notes payable 5 186,922 194,611 133,588 S 268,942 328,199 $ 231,000 167.750 Accounts receivable Inventory 65,281 116,676 85,639 82,020 181,549 Total Total S 241.42 3495 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings S 224,000 224.000 Fixed assets S 658,747 S 906,174 S 589,978 S 939,653 Total Net plant and equipment Total assets 443,704 5 906,174 $ 939,653 Total liabilities and owners' equity 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 2015 2016 times times b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Quick ratio 2015 times 2016 times c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Cash ratio 2015 2016 times 2:59 PM O Type here to search

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