Problem 3-16 Calculating Financial Ratios [LO 2] 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 2019 2018 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities $ 194,422 $ 202,111 $ 26,530 $ 34,778 Accounts payable Cash Accounts receivable 78,139 Notes payable 57781 89,520 141,088 201,260 Inventory 134,324 $283,942 $ 343,199 Total $218,635 $314,177 Total $246,000 $ 182,750 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained $209,000 $209,000 136,940 168,456 earnings Fixed assets Net plant and equipment $657,247 S589,228 $345,940 $ 377,456 Total 903,405 Total liabilities and owners equity $875,882 $875,882 $903,405 Total assets Calculate the following financial ratios for each year: a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. 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 ratio 2019 Equity multiplier 2018 Total debt ratio 2019 Total debt ratio times times times times times times times times times times times times ax