Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.Calculate the following financial ratios for each year:current ratio?quick ratio?cash ratio?debt-equity ratio and equity multiplier?total debt ratio? BETHESDA MINING COMPANYBalance Sheets as of December 31, 2018 and 20192018201920182019AssetsLiabilities and Owners' EquityCurrent liabilitiesAccounts payableNotes payableCurrent assetsCashAccounts receivable$ 72,718 $ 91,489$ 185,422 $ 193,11166,7818713980,520132,088Inventory113,146177607Total$265,942 $ 325,199356,235Total$252,645 $Long-term debt$228,000 $ 164,750Owners' equityCommon stock and paid-insurplusAccumulated retainedearnings$227,000 $227,000190,750229,414Fixed assets590,128Net plant andequipment$659,047 $Total$ 417,750 $ 456,414$ 911,692 $946,363Total liabilities and owners"$ 911,692 $946,363Total assets

Ratio Analysis is the financial analysis technique that evaluates the performance of the company. In…

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Calculate the following financial ratios for each year: current ratio? quick ratio? cash ratio? debt-equity ratio and equity multiplier? total debt ratio?

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Calculate the following financial ratios for each year: current ratio? quick ratio? cash ratio? debt-equity ratio and equity multiplier? total debt ratio?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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