Question: solve 15 , 16 , 17 please 2016 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Liabilities
2016 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 19,256 $ 21,946 Accounts payable $171,531 Accounts receivable 46,396 54,486 Notes payable 79,218 Inventory 109.626 129,253 Total $250,749 Total $175,278 $205,685 Long-term debt $255,000 Owners' equity Common stock and paid-in surplus $160,000 Fixed assets Accumulated retained earnings 214,915 Net plant and equipment $705,386 $785,205 $374,915 Total assets $880,664 $990,890 Total liabilities and owners' equity $880,664 $153,984 107,606 $261,590 $278,500 Total $170,000 280,800 $450.800 $990,890 LO1 15. Preparing Standardized Financial Statements. Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining, LO 2 16. Calculating Financial Ratios. 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 LO 3 17. DuPont Identity. Suppose that the Bethesda Mining Company had sales of $2.945,376 and net income of $89,351 for the year ending December 31, 2016. Calculate the DuPont identity
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