Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING...
50.1K
Verified Solution
Question
Finance
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 34,678 $44,680 Accounts payable $ 192,922 $ 200,611 Accounts receivable 59,281 79,639 Notes payable 88,020 139,588 Inventory 130,795 197,317 Total $280,942 $340,199 321,636 Total $224754 Long-term debt $243,000 $ 179,750 Owners' equity Common stock and paid-in $ 212,000 $212,000 surplus Accumulated retained 146,359 179,065 earnings Fixed assets Net plant and 589,378 $657,547 $ Total $358,359 $391,065 equipment earnings 1940,599 17.05 Fixed assets Net plant and equipment $657,547 $ $589,378 Total $358,359 $391,065 Total assets $882,301 $911,014 Total liabilities and owners! equity $ 882,301 $ 911,014 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.) d. Debt-equity ratio and equity rhultiplier. (Do not round intermediate calculations a round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your answe 2 decimal places, e.g., 32.16.) times times c. a. 2018 current ratio 2019 current ratio b. 2018 Quick ratio 2019 Quick ratio 2018 Cash ratio 2019 Cash ratio d. 2018 Debt-equity ratio 2018 Equity multiplier 2019 Debt-equity ratio 2019 Equity multiplier 2018 Total debt ratio 2019 Total debt ratio times times times times times times times e times times times Bethesda Mining Company reports the following balance sheet information for 2018 and 2019 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 65,470 $ 82,487 Accounts payable $ 186,922 $ 194,611 Accounts receivable 65,281 85,639 Notes payable 82,020 133,588 Inventory 116,676 181,549 Total $268,942 $ 328,199 Total $ 247,427 $349,675 Long-term debt $ 231,000 $ 167,750 Owners' equity Common stock and paid-in surplus $224,000 $224,000 Accumulated retained earnings 182,232 219,704 Fixed assets Net plant and equipment $658,747 $589,978 Total $406,232 $ 443,704 Fixed assets Net plant and equipment $658,747 $589,978 Total $406,232 $ 443,704 Total assets $ 906,174 $939,653 Total liabilities and owners' equity $ 906,174 $939,653 Suppose that the Bethesda Mining Company had sales of $2,316,873 and net income of $93,381 for the year ending December 31, 2019. Calculate ROE using the DuPont identity. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16. Enter the profit margin and return on equity as a percent.) times Profit margin Total asset tumover Equity multiplier Return on equity times % The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $ 95,400 Current $35,500 Debt $ 46,200 assets Costs 68,250 Fixed assets 95,300 Equity 84,600 Taxable income $27150 Total $ 130,800 Total $130,800 Tax 6,245 Net Income $20,905 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external financing is possible. hanan What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)






Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.