Problem 3-16 Calculating Financial Ratios [LO 2] 2013 2014 $ 190,922 86,020 $ 198,611 137,588 Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 2013 2014 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 45,262 $ 57,602 Accounts payable Accounts receivable 61,281 81,639 Notes payable Inventory 126,088 192,061 Total Total $ 232,631 $ 331,302 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Fixed assets Net plant and equipment $ 657,947 $589,578 Total Total assets $ 890,578 $ 920,880 Total liabilities and owners' equity $ 276,942 $336,199 $ 239,000 $ 175,750 $216.000 158,636 $ 216,000 192,931 $ 374,636 $408,931 $ 890,578 $ 920,880 Required: 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. Round your answers to 2 decimal places (e.g. 32.16).) Current ratio times 2014 times 2013 (b) Quick ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Quick ratio 2013 times times 2014 (c) Cash ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Cash ratio 2013 times times 2014 (d) Debt-equity ratio and equity multiplier. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Debt-equity ratio Equity multiplier 2013 times times 2014 times times (e) Total debt ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Total debt ratio 2013 times 2014 times