solve ONLY Q 16

BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Inventory Total $ 19,256 46,396 109,626 $ 175,278 $ 21,946 54,486 129,253 $205,685 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $171,531 79,218 $250.749 $255,000 $153,984 107,606 $261,590 $278,500 Fixed assets Net plant and equipment $705,386 Total assets $880,664 $785,205 $990,890 $160,000 214,915 $374,915 $880,664 $170,000 280,800 $450,800 $990,890 LO 2 a. 16. Calculating Financial Ratios. Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: Current ratio b. Quick ratio Cash ratio d. Debt-equity ratio and equity multiplier Total debt ratio C. e. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Inventory Total $ 19,256 46,396 109,626 $ 175,278 $ 21,946 54,486 129,253 $205,685 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $171,531 79,218 $250.749 $255,000 $153,984 107,606 $261,590 $278,500 Fixed assets Net plant and equipment $705,386 Total assets $880,664 $785,205 $990,890 $160,000 214,915 $374,915 $880,664 $170,000 280,800 $450,800 $990,890 LO 2 a. 16. Calculating Financial Ratios. Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: Current ratio b. Quick ratio Cash ratio d. Debt-equity ratio and equity multiplier Total debt ratio C. e