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can you answer it please . can you answer num 15,16,17 . as assgnment . 88 PART 2 Understanding Anancial Statements and Cash Row 2016

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can you answer it please .
can you answer num 15,16,17 . as assgnment .
image text in transcribed
88 PART 2 Understanding Anancial Statements and Cash Row 2016 BETHESDA MINING COMPANY Balance Sheets as of December 21, 2015 and 2016 2015 2016 2015 Assets Liabilities and Owners' Equity Current assets Current Babetes Cash $ 19,256 $ 21946 Accounts payable $171,531 Accounts receivable 46,396 54.486 Notes payable 79.218 Inventory 109.626 129 253 Tot $250.749 Total $175.278 $205,685 Long terme $255.000 Owners' equity Common stock and paid in surplus $160.000 Fed assets Accumulated retained earnings 214.915 Net plant and equipment $705.286 $785,205 Total $374.915 Total assets $880.664 $990.890 Total dates and owners' equity $880,664 $153.984 107,605 $261590 $278.500 $170,000 280.800 $450.800 $990.890 LOS LO 2 15. Preparing Standardized Financial Statements. Prepare the 2015 and 2016 common size balance sheets for Bethesda Mining 16. Calculating Anancial Ratlos. Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for cach year, Current ratio h. Quick ratio Cash ratio d. Debe equity ratio and equity multiplier Tocal dicht ratio 17. DuPont Identity. Suppose that the Bethesda Mining Company had wales of $2.945,376 and net income of $89,351 for the year ending December 31, 2016. Calculate the DuPont identity c. LO 3 88 PART 2 Understanding nancial Statements and Cash Row 2016 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Liabilities and owners Equity Current assets Current abilities Cash $19.256 $ 21.946 Accounts payable $171,531 Accounts receivable 46.396 54.486 Notes payable 79,218 Inventory 109,626 129.253 Total $250.749 $175,278 $205,685 Long-term debe $255,000 Owners equity Common stock and paid in surplus $160,000 Pated assets Accumulated retained earnings 214915 Net plant and equipment $705.286 $785.205 Total $374915 Total assets $880.664 $990,890 Total Habities and owners' equity $880.664 Total $152.984 107 506 $261,590 $278,500 $170,000 280.800 $450.800 $990.890 LO 1 LO 2 W 15. Preparing Standardized Financial Statements. Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining 16. Calculating Rnancial Ratios. Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for cach year. a. Current ratio b. Quick ratio c. Cash ratio d Debt-equity ratio and equity multiplier Total debt ratio 17. DuPont Identity. Suppose that the Bethesda Mining Company had sales of $2,945,376 and net income of $89,351 for the year ending December 31, 2016. Calculate the DuPont identity. e. LO 3

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