Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. ...

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Finance

Bethesda Mining Company reports the following balance sheet information for 2015 and 2016.

BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016
2015 2016 2015 2016
Assets Liabilities and Owners Equity
Current assets Current liabilities
Cash $ 40,010 $ 51,181 Accounts payable $ 191,922 $ 199,611
Accounts receivable 60,281 80,639 Notes payable 87,020 138,588
Inventory 128,441 194,689 Total $ 278,942 $ 338,199
Total $ 228,732 $ 326,509 Long-term debt $ 241,000 $ 177,750
Owners equity
Common stock and paid-in surplus $ 214,000 $ 214,000
Fixed assets Accumulated retained earnings 152,537 186,038
Net plant and equipment $ 657,747 $ 589,478 Total $ 366,537 $ 400,038
Total assets $ 886,479 $ 915,987 Total liabilities and owners equity $ 886,479 $ 915,987

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.)

Current ratio
2015 times
2016 times

b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Quick ratio
2015 times
2016 times

c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Cash ratio
2015 times
2016 times

d. Debtequity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Debtequity ratio Equity multiplier
2015 times times
2016 times times

e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Total debt ratio
2015 times
2016

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