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undefined 2018 2019 Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Liabilities
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2018 2019 Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Liabilities and Owners' Equity Current liabilities 44,680 $ 34,678 $ Accounts payable 59,281 79,639 Notes payable 130,795 197,317 $ 192,922 $ 200,611 88,020 139,588 Total $280,942 $340,199 Total $224,754 $32 $243,000 $ 179,750 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 212,000 $212,000 146,359 179,065 Fixed assets Net plant and equipment $657,547 $589,378 Total $358,359 $391,065 Total assets $882,301 $911,014 Total liabilities and owners' equity $ 882,301 $ 911,014 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 eStep by Step Solution
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