Problem 3-16 Calculating Financial Ratios [LO 2] Bethesda Mining Company reports the following balance sheet information for 2013 and 2014 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory $34,678 $ 44,680 79,639 30,795 197,317 Accounts payable Notes payable $192,922 $ 200,611 88,020 139,588 $280,942 $340,199 $ 243,000 S 179,750 $212,000 $212,000 59,281 Total Total $224,754 $321,636 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 146,359 179,065 $ 358,359 $391,065 $ 882,301 $911,014 Fixed assets Net plant and equipment $657,547 $589,378 Total Total assets $ 882,301 911,014 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 (e.g., 32.16).) Current ratio 2013 2014 times times (b) Quick ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Quick ratio 2013 2014 times times (c) Cash ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Cash ratio 2013 2014 times times (d) Debt-equity ratio and equity multiplier. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Debt-equity ratio multiplier 2013 2014 times times times times (e) Total debt ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Total debt ratio 2013 2014 times times