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 $ 47,858 $ 60,783 Accounts payable 61,781 82,139 Notes payable 124,912 190,747 Total $ 234,551 $333,669 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 190,422 85,520 $ 198,111 137,088 Total $ 275,942 $ 238,000 $335,199 $ 174,750 $217,000 161,656 $217,000 196,348 Fixed assets Net plant and equipment $658,047 $589,628 Total $ 378,656 $ 892,598 $413,348 $923,297 Total assets $ 892,598 $923,297 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 times 2013 2014 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).) 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