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 $ 198,119 91,496 $ 289,615 2021 2022 Cash Accounts receivable Inventory $ 27,536 66,346 156,765 $ 31,383 Total $ 250,647 77,916 185,533 $294,832 Notes payable Total Long-term debt $ 345,000 Owners' equity Fixed assets Net plant and equipment $ 853,518 Total assets $ 1,104,165 $ 950,097 $ 1,244,929 Common stock and paid-in surplus Accumulated retained earnings Total $ 175,000 294,550 Total liabilities and owners' equity $ 1,104,165 $ 469,550 2022 $ 209,844 104,992 $314,836 $ 365,000 $ 183,000 382,093 $ 565,093 $ 1,244,929 1sed on the balance sheets given, 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 ces 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. a. 2021 Current ratio 2022 Current ratio b. 2021 Quick ratio 2022 Quick ratio times times times times c. 2021 Cash ratio times 2022 Cash ratio times d. 2021 Debt-equity ratio times 2022 Debt-equity ratio times d. 2021 Equity multiplier times Note: Do not round intermediate calculations a a. 2021 Current ratio 2022 Current ratio times times b. 2021 Quick ratio 2022 Quick ratio times times c. 2021 Cash ratio times 2022 Cash ratio times d. 2021 Debt-equity ratio times 2022 Debt-equity ratio times d. 2021 Equity multiplier times 2022 Equity multiplier e. 2021 Total debt ratio times times 2022 Total debt ratio times
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