Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help with (d) debt-equity ratio and equity multiplier for 2013 and 2014. i need help with all four boxes. (e) total debt ratio for

need help with (d) debt-equity ratio and equity multiplier for 2013 and 2014. i need help with all four boxes.
(e) total debt ratio for 2013 and 2014
both boxes
so 6 ratios in total.
thank you
image text in transcribed
image text in transcribed
(d) Debt-equity ratio and equity multiplier. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) 2013 2014 Debt-equity ratio times times Equity multiplier times times (e) Total debt ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) 2013 2014 Total debt ratio times times References eBook & Resources Worksheet Difficulty: Basic Problem 3-16 Calculating Financial Ratios [LO 2] Learning Objective: 03-02 Compute and, more important, interpret some common ratios. Check my work value: 3.12 points Problem 3-16 Calculating Financial Ratios [LO 2] Bethesda Mining Company reports the following balance sheet information for 2013 and 2014 2013 2014 Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 2013 2014 Liabilities and Owners' Equity Current liabilities $ 65,470 $ 82,487 Accounts payable 65,281 85,639 Notes payable 116,676 181,549 Total $ 247,427 $ 349,675 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 186,922 82,020 $ 194,611 133,588 $ 268,942 $328,199 Total $ 231,000 $167.750 S224,000 182,232 $224,000 219,704 Fixed assets Net plant and equipment $ 658,747 $589,978 Total $ 406,232 $ 906,174 443,704 $939,653 Total assets $ 906,174 $939,653 Total liabilities and owners' equity Required: Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: (a) Current ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places le... 32.16)

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

Finance And Financial Markets

Authors: Keith Pilbeam

3rd Edition

023023321X, 978-0230233218

More Books

Students also viewed these Finance questions

Question

design a simple disciplinary and grievance procedure.

Answered: 1 week ago