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Homework answers / question archive / Bethesda Mining Company reports the following balance sheet information for 2018 and 2019

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019

Accounting

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  2018  2019   2018  2019  Assets      Liabilities and Owners' Equity        Current assets         Current liabilities          Cash$21,182 $24,141      Accounts payable$180,108 $190,767     Accounts receivable 51,036  59,935      Notes payable 83,179  98,175     Inventory 120,589  142,718             Total$263,287 $288,942       Total$192,807 $226,794     Long-term debt$305,000 $340,000          Owners' equity                  Common stock and paid-in surplus$165,000 $178,000             Accumulated retained earnings 235,445  283,578   Fixed assets            Net plant and equipment$775,925 $863,726            Total$400,445 $461,578     Total assets$968,732 $1,090,520   Total liabilities and owners' equity$968,732 $1,090,520    Based on the balance sheets given, 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.)  

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