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 Ownersâ 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
Ownersâ equity
Common stock and
paid-in surplus $ 216,000 $ 216,000
Accumulated retained earnings 158,636 192,931
Fixed assets
Net plant and
equipment $ 657,947 $ 589,578 Total $ 374,636 $ 408,931
Total assets $ 890,578 $ 920,880 Total liabilities and ownersâ
equity $ 890,578 $ 920,880
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.)
Answers: 1
Business, 21.06.2019 20:30, Dericktopsom
Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money
Answers: 1
Business, 22.06.2019 06:00, slimt69561
When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue. accounts receivable and crediting interest revenue. notes receivable and crediting accounts receivable and interest revenue. notes receivable and crediting accounts receivable.
Answers: 3
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA...
Mathematics, 21.02.2021 01:50
Mathematics, 21.02.2021 01:50
Mathematics, 21.02.2021 01:50
Spanish, 21.02.2021 01:50
Mathematics, 21.02.2021 01:50
Computers and Technology, 21.02.2021 01:50