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 $ 45,262 $ 57,602 Accounts payable $ 190,922 $ 198,611
Accounts receivable 61,281 81,639 Notes payable 86,020 137,588
Inventory 126,088 192,061 Total $ 276,942 $ 336,199
Total $ 232,631 $ 331,302 Long-term debt $ 239,000 $ 175,750
Owners equity
Common stock and paid-in surplus $ 216,000 $ 216,000
Fixed assets Accumulated retained earnings 158,636 192,931
Net plant and equipment $ 657,947 $ 589,578 Total $ 374,636 $ 408,931
Total assets $ 890,578 $ 920,880 Total liabilities and owners equity $ 890,578 $ 920,880

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 times

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