Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets...
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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets 2021 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2022 Cash 36:19 Accounts receivable Inventory $ 91,489 87,139 177,607 $ 252,645 $ 356,235 Total $ 72,718 66,781 113,146 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Owners' equity 2021 $ 185,422 80,520 Total Long-term debt $ 265,942 $ 228,000 Fixed assets Net plant and equipment $ 659,047 $ 590,128 Common stock and paid-in surplus Accumulated retained earnings Total $ 227,000 190,750 Total assets $ 911,692 $ 946,363 Total liabilities and owners' equity $ 417,750 $ 911,692 2022 $ 193,111 132,088 $ 325,199 $ 164,750 $ 227,000 229,414 $ 456,414 $ 946,363 Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year: a. Current ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Quick ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Cash ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. d. Debt-equity ratio and equity multiplier. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. e. Total debt ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. a. 2021 Current ratio times 2022 Current ratio times b. 2021 Quick ratio times 2022 Quick ratio times c. 2021 Cash ratio times Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets 2021 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2022 Cash 36:19 Accounts receivable Inventory $ 91,489 87,139 177,607 $ 252,645 $ 356,235 Total $ 72,718 66,781 113,146 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Owners' equity 2021 $ 185,422 80,520 Total Long-term debt $ 265,942 $ 228,000 Fixed assets Net plant and equipment $ 659,047 $ 590,128 Common stock and paid-in surplus Accumulated retained earnings Total $ 227,000 190,750 Total assets $ 911,692 $ 946,363 Total liabilities and owners' equity $ 417,750 $ 911,692 2022 $ 193,111 132,088 $ 325,199 $ 164,750 $ 227,000 229,414 $ 456,414 $ 946,363 Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year: a. Current ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Quick ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Cash ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. d. Debt-equity ratio and equity multiplier. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. e. Total debt ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. a. 2021 Current ratio times 2022 Current ratio times b. 2021 Quick ratio times 2022 Quick ratio times c. 2021 Cash ratio times
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Sure based on the information in the image which is a balance sheet of Bethesda Mining Company we can answer the following questions a Current ratio Note Do not round intermediate calculations and rou... View the full answer
Related Book For
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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