Calculate the following financial ratios for each year: a. Current ratio. (Do not round intermediate calculations...
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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 times 2019 current ratio times b. 2018 Quick ratio times 2019 Quick ratio times c. 2018 Cash ratio times 2019 Cash ratio times d. 2018 Debt-equity ratio times 2018 Equity multiplier times 2019 Debt-equity ratio times 2019 Equity multiplier times e 2018 Total debt ratio times 2019 Total debt ratio times 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 $ 50,434 $63,944 Accounts payable Accounts receivable 62,281 82,639 Notes payable $ 189,922 $ 197,611 85,020 136,588 189,433 Inventory 123,735 Total $274,942 $ 334,199 336,016 Total $236,450 $ Long-term debt $237,000 $ 173,750 Owners' equity Common stock and paid-in $218,000 $218,000 surplus Accumulated retained 164,655 199,745 earnings Fixed assets Net plant and 589,678 $ 658,147 $ Total $382,655 $ 417,745 equipment 925,694 Total assets $894,597 $ Total liabilities and owners' equity $894,597 $925,694 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 times 2019 current ratio times b. 2018 Quick ratio times 2019 Quick ratio times c. 2018 Cash ratio times 2019 Cash ratio times d. 2018 Debt-equity ratio times 2018 Equity multiplier times 2019 Debt-equity ratio times 2019 Equity multiplier times e 2018 Total debt ratio times 2019 Total debt ratio times 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 $ 50,434 $63,944 Accounts payable Accounts receivable 62,281 82,639 Notes payable $ 189,922 $ 197,611 85,020 136,588 189,433 Inventory 123,735 Total $274,942 $ 334,199 336,016 Total $236,450 $ Long-term debt $237,000 $ 173,750 Owners' equity Common stock and paid-in $218,000 $218,000 surplus Accumulated retained 164,655 199,745 earnings Fixed assets Net plant and 589,678 $ 658,147 $ Total $382,655 $ 417,745 equipment 925,694 Total assets $894,597 $ Total liabilities and owners' equity $894,597 $925,694
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