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Bethesda Mining Company reports the following balance sheet information for

Question : Bethesda Mining Company reports the following balance sheet information for : 887

Bethesda Mining Company reports the following balance sheet information for 2015 and 2016.

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 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. Debtequity 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.)

 

Current ratio

2015

 

times

2016

 

times

 

     

BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities 47,858 60,783 Accounts payable Cash 61,781 82,139 Accounts receivable Notes payable 124,912 190,747 Total Inventory Tota 234,551 333,669 Long-term debt Owners' equity Common stock and paid-in surplus Fixed assets Accumulated retained earnings Net plant and equipment 658,047 589,628 Tota 892,598 923,297 Total abilities and owners' equity Total assets 2015 2016 190,422 198,111 137,088 85,520 275,942 335,199 238,000 174,750 217,000 217,000 161,656 196,348 378,656 413,348 892,598 923,297

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