Bethesda Mining Company reports the following balance sheet information for 2015 and 2016.
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 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.)
Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 Liabilities and owners' Equity Current liabilities 50,434 63,944 Accounts payable Notes payable 62,281 82,639 123,735 Total 189,433 236,450 336,016 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 658,147 589,678 Total 894,597 925,694 Total liabilities and owners' equity 2015 2016 189,922 197,611 85,020 136,588 274,942 334,199 237,000 173,750 218,000 218,000 164,655 199.745 382,655 417,745 894,597 925,694