Question: Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: a. Current ratio b. Quick ratio c. Cash

Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year:

a. Current ratio

b. Quick ratio

c. Cash ratio

d. Debt-equity ratio and equity multiplier

e. Total debt ratio

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

Based on the balance sheets given for Bethesda Mining, calculate

BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory 19,256 21,946 Accounts payable 46,396 109,626 $171,531 $153,984 79,218 107,606 250.749 $261.590 $255,000 $278,500 54,486 Notes payable 129,253Total $175.278 $205,685 Long-term debt Owners' equity Total $160,000 $170,000 Common stock and paid-in surplus Accumulated retained earnings Fixed assets 214,915 Net plant and equipment $705.386 $785,205 Total Total assets 374.915 $450.800 $880,664 $990,890 Total liabilities and owners' equity $880,664 $990,890

Step by Step Solution

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Current ratio The current ratio is the ratio of current assets and current liabilities The ideal cur... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

969-B-C-A-C-B-A-M (417).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!