tanding Financial Statements and Cash Flow BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2016 2016 2015 Assets Current assets Cash Accounts receivable Inventory Total $ 19,256 46,396 109,626 $175,278 $ 21,946 54,486 129,253 $205.685 2015 Liabilities and Owners' Equity Current liabilities Accounts payable $171,531 Notes payable 79,218 Total $250,749 Long-term debt $255,000 Owners' equity Common stock and paid in surplus $160,000 Accumulated retained earnings 214.915 Total $374,915 Total liabilities and owners' equity $880,664 $153,984 107,606 $261.590 $278,500 Fixed assets $170,000 280,800 $450,800 $990,890 Net plant and equipment Total assets $705,386 $880,664 $785,205 $990,890 LO 115. Preparing Standardized Financial Statements. Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining. LO 2 16. Calculating Financial Ratios. Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: a. Current ratio b. Quick ratio e. Cash ratio d. Debt-equity ratio and equity multiplier Total debt ratio LO 317. DuPont identity. Suppose that the Bethesda Mining Company had sales of $2.945,376 and net income of $89,351 for the year ending December 31, 2016. Calculate the DuPont identity. e