Question: Cash Accounts receivable Inventory Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets 2021 BETHESDA MINING COMPANY
Cash Accounts receivable Inventory 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 $ 72,718 66,781 113,146 Accounts payable 2022 Liabilities and Owners' Equity Current liabilities $91,489 87,139 177,607 Notes payable Total Total $ 252,645 $ 356,235 Long-term debt $ 228,000 Owners' equity Fixed assets Net plant and equipment $ 659,047 $ 590,128 Common stock and paid-in surplus Accumulated retained earnings Total $ 227,000 190,750 2021 $ 185,422 80,520 $ 265,942 2022 $ 193,111 132,088 $325,199 $ 164,750 $ 227,000 229,414 $ 417,750 Total assets $ 911,692 $ 946,363 Total liabilities and owners' equity $ 911,692 $ 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.
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