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Problem 3-16 Calculating Financial Ratios [LO 2] Bethesda Mining Company reports the following balance sheet information for 2021 and 2022 : Based on the balance
Problem 3-16 Calculating Financial Ratios [LO 2] Bethesda Mining Company reports the following balance sheet information for 2021 and 2022 : Based 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 Intermedlate calculations and round your answers to 2 declmal places, e.g., 32.16. b. Quick ratio. Note: Do not round intermedlate calculations and round your answers to 2 declmal places, e.g., 32.16. c. Cash ratio. Note: Do not round intermedlate calculations and round your answers to 2 declmal places, e.g., 32.16. d. Debt-equity ratio and equity multiplier. Note: Do not round Intermedlate calculations and round your answers to 2 declmal places, e.g., 32.16. e. Total debt ratio. Note: Do not round intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16. Based on the balance sheets glven, calculate the following financial ratios for each year: Calculate the following financlal ratios for each year: a. Current ratio. Note: Do not round intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Quick ratio. Note: Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Cash ratio. Note: Do not round intermedlate calculations and round your answers to 2 declmal places, e.g., 32.16. d. Debt-equity ratio and equity multiplier. Note: Do not round intermedlate calculations and round your answers to 2 declmal places, e.g., 32.16. e. Total debt ratio. Note: Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16
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