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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

 

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
2018201920182019
AssetsLiabilities 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$239,647
$347,448
  Long-term debt$230,000$166,750
  Owners’ equity
     Common stock and paid-in surplus$225,000$225,000
     Accumulated retained earnings185,091222,960
  Fixed assets  
    Net plant and equipment$658,847$590,028           Total$410,091$447,960
  Total assets$908,033$941,909  Total liabilities and owners’ equity$908,033$941,909
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.)
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.)

 

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