Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ly Assessment (due Mon Bethesda Mining Company reports the following balance sheet information for 2018 and 2019 BETHESDA MINING COMPANY Balance Sheets as of December

image text in transcribed

image text in transcribed

ly Assessment (due Mon 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 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 40,010 $ 51181 Accounts payable $191,922 199 611 Accounts receivable 60,281 80.639 Notes payable 87020 138,588 194,689 Inventory 128,441 Total $278.942 5 338 199 Total $228,732 $ 326,509 $241000 5 177750 Long-term debt Owners' equity Common stock and paid in surplus Accumulated retained eamings $ 214 000 $ 214.000 152.537 186 038 Fixed assets Net plant and equipment 599 478 $ 657,747 $ Total 5366 587 5400098 915,987 Total assets $886,479 $ Total liabilities and owners equity 5886.479 915 982 Wk 2 - Apply Assessment (due Mon] 2 Calculate the following financial ratios for each year. a. Current ratio. (Do not round intermediate calculations and round your a decimal places, e.g.. 32.16.) b. Quick ratio. (Do not round intermediate calculations and round your ans decimal places, e.g., 32.16.) c. Cash ratio. (Do not round intermediate calculations and round your ans decimal places, e.g. 32.16.) d. Debt equity ratio and equity multiplier. (Do not round intermediate calcule round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your 2 decimal places, e.g., 32.16.) 10 points times times times times times a. 2018 current ratio 2019 current ratio b. 2018 Quick ratio 2019 Quick ratio C. 2018 Cash ratio 2019 Cash ratio d. 2018 Debt-equity ratio 2018 Equity multiplier 2019 Debt-equity rating 2019 Equity multiplier 2018 Total debt ratio 2019 Total debt ratio times times times times times e times times ME Gw NIE Type here to search O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

What is the formula to calculate the mth Fibonacci number?

Answered: 1 week ago