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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022

Bethesda Mining Company reports the following balance sheet information for 2021 and 2022:

BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2021 and 2022
Assets 2021 2022 Liabilities and Owners Equity 2021 2022
Current assets Current liabilities
Cash $ 67,906 $ 85,508 Accounts payable $ 186,422 $ 194,111
Accounts receivable 65,781 86,139 Notes payable 81,520 133,088
Inventory 115,499 180,234 Total $ 267,942 $ 327,199
Total $ 249,186 $ 351,881 Long-term debt $ 230,000 $ 166,750
Owners equity
Common stock and paid-in surplus $ 225,000 $ 225,000
Fixed assets Accumulated retained earnings 185,091 222,960
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

Based on the balance sheets given, calculate the following financial ratios for each year:

Calculate the following financial ratios for each year:

1. Current ratio.

a. 2021:

b. 2022:

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

2. Quick ratio.

a. 2021:

b. 2022:

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

3. Cash ratio.

a. 2021:

b. 2022:

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

4. Debt-equity ratio and equity multiplier.

a. 2021:

b. 2022:

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

5. Total debt ratio.

a. 2021:

b. 2022:

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

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