Question
ethesda Mining Company reports the following balance sheet Information for 2021 and 2022: Assets Current assets BETHESDA MINING COMPANY Balance Sheets as of December
ethesda Mining Company reports the following balance sheet Information for 2021 and 2022: Assets Current assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners' Equity Current liabilities Accounts payable 2021 2822 Cash Accounts receivable Inventory $ 50,434 62,281 123,735 Total $ 236,450 $ 63,944 82,639 189,433 $.336,016 Total Long-term debt Fixed assets Net plant and equipment $ 658,147 Total assets $ 894,597 $589,678 $925,694 Notes payable Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity ased on the balance sheets given, calculate the following financial ratios for each year. Calculate the following financial ratios for each year. a. Current ratio. Note: Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Quick ratio. Note: Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Cash ratio. Note: Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. d. Debt-equity ratio and equity multiplier. Note: Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. e. Total debt ratio. Note: Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. 2021 $ 189,922 85,020 $274,942 $ 237,000 $218,000 164,655 $ 382,655 $ 894,597 a. 2021 Current ratio 2022 Current ratio. b. 2021 Quick ratio times times times 2022 Quick ratio times c. 2021 Cash ratio i times 2022 Cash ratio times d. 2021 Debt-equity ratio. times 2021 Equity multiplier times 2022 Debt-equity ratio times 2022 Equity multiplier times e. 2021 Total debt ratio times 2022 Total debt ratio times
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