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 $ 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                      Accumulated retained earnings   152,537     186,038     Fixed assets                                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                                   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.)

Prepare a vertical analysis for the balance sheet data given below. (Round to two decimal places.)                                           Petals, Inc.                                    Balance Sheet                           December 31, 2019 Assets Current Assets: Cash and Cash Equivalents                                              $10,000 Accounts Receivable, Net                                                  15,600 Merchandise Inventory                                                      38,000 Total Current Assets                                                           63,600 Long-term Investments                                                     15,000 Property, Plant, and Equipment, Net                                195,000 Total Assets                                                                      $273,600 Liabilities Current Liabilities: Accounts Payable                                                              $8,500 Notes Payable…

Subject: acounting

Which of the following statements is TRUE about Verizon's financial statements? verizon Consolidated Balance Sheets (In millions of dollars) As of As of Dec 31, 2020 $ 22,171 Dec 31, 2019 $ 2,594 ASSETS Cash and cash equivalents Accounts receivable 23,917 25,429 Inventories 1,796 1,422 Prepaid expenses and other current assets 6,710 8,028 Total current assets 54,594 37,473 Property and equipment, net Intangible assets Other long-term assets 94,833 91,915 152,814 151,640 10,699 $ 291,727 14,240 Total assets $ 316,481 LIABILITIES & EQUITY Debt maturing within one year $ 5,889 $ 10,777 Accounts payable and accrued liabilities 20,658 21,806 Other current liabilities 13,113 12,285 Total current liabilities 39,660 44,868 Long-term debt 123,173 100,712 Other long-term liabilities 84,376 83,312 Total liabilities 247,209 228,892 Common stock and additional paid in capital 13,833 13,858 Retained earnings 60,464 53,147 Accumulated other comprehensive income (5,025) (4,170) Total shareholders'…

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current assets Current liabilities Cash $ 10, 620 $ 13, 275 Accounts payable $ 52, 560 $ 60, 750 Accounts receivable 21,420 29, 925 Notes payable 19, 260 24,075 Inventory 67, 860 82, 575 Total $ 99,900 $ 125, 775 Total $ 71,820 $ 84, 825 Long-term debt $ 36,000 $ 27,000 Owners' equity Common stock and paid - in surplus $ 45,000 $ 45,000 Retained earnings 207, 180 293, 175 Net plant and equipment $ 260, 100 $ 324, 225 Total $ 252, 180 $ 338, 175 Total assets $ 360,000 $ 450,000 Total liabilities and owners' equity $ 360,000 $ 450,000 For each account on this company's balance sheet, show the change in the account during 2021 and note whether this change was a source or use of cash. (If there is no action select "None" from the dropdown options. Leave no cells blank - be certain to enter…

Common-Size Balance Sheets Consider the following balance sheet data for Davis Co., Inc., an electronics and major appliance retailer, at February 26, 2019 and February 27, 2018 (amounts in thousands): Feb. 26, 2019 Feb. 27, 2018 $60,872 $7,138 37,968 249,991 Cash and Cash Equivalents Accounts Receivables Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment (net) Other Assets Total Assets Current Liabilities Long-Term liabilities Total Liabilities Common Stock Additional Paid-in-Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 52,944 637,950 13,844 765,610 172,724 15,160 $953,494 $402,028 239,022 641,050 3,087 224,089 85,268 312,444 $953,494 9,729 304,826 126,442 7,774 DAVIS CO.. INC. $439,042 $186,005 70,854 256,859 1,149 137,151 43,883 182,183 $439,042 Prepare common-size balance sheets for each year (use total assets as the base amount for computing percentages). Instructions: • Round percentages to…

The current sections of Crane Inc.’s balance sheets at December 31, 2021 and 2022, are presented here. Crane’s net income for 2022 was $154,700. Depreciation expense was $26,300.     2022   2021 Current assets            Cash   $102,700   $97,700    Accounts receivable   79,400   90,000    Inventory   168,200   173,000    Prepaid expenses   26,900   22,900       Total current assets   $377,200   $383,600 Current liabilities            Accrued expenses payable   $15,000   $9,300    Accounts payable   84,000   95,600       Total current liabilities   $99,000   $104,900 Prepare the operating activities section of the company’s statement of cash flows for the year ended December 31, 2022, using the indirect method

Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Assets Net plant and equipment Total assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 55,526 63,281 121,382 240,189 658,347 898,536 188,922 84,020 272,942 235,000 220,000 170,594 390,594 898,536 % $ % % % $ % $ % $ % % % $ % $ $ % $ % % % 2022 LA LA 70,205 83,639 186,805 340,649 589,778 930,427. 196,611 135,588 332,199 171,750 220,000 206,478 $ 426,478 $…

Consider the following financial data for Smith Corp.:     Balance Sheet as of December 31, 2019               Cash $ 195,000   Accounts payable $ 94,000 Receivables   185,500   Short-term bank note   119,500 Inventories   214,500   Accruals   71,000   Total current assets $ 595,000     Total current liabilities $ 284,500         Long-term debt   462,500 Net plant & equip.   621,500   Common equity   469,500 Total assets $ 1,216,500   Total liab. & equity $ 1,216,500               Profit & Loss Statement for 2019   Industry Average Ratios               Net sales $ 1,265,000   Current ratio 1.9× Cost of sales   986,500   Quick ratio 1.2× Gross profit $ 278,500   Days sales outstanding 64 days Operating expenses   166,500   Inventory turnover 3.3×   EBIT $ 112,000   Total asset turnover 0.7× Interest expense   32,000   Net profit margin 9.1%   Pre-tax income $ 80,000…

Comparative balance sheet accounts of Martinez Inc. are presented below. MARTINEZ INC.COMPARATIVE BALANCE SHEET ACCOUNTSAS OF DECEMBER 31, 2020 AND 2019     December 31 Debit Accounts   2020   2019 Cash   $41,600   $33,700 Accounts Receivable   70,500   60,600 Inventory   29,700   23,700 Equity investments   22,300   38,900 Machinery   29,900   18,800 Buildings   67,600   56,300 Land   7,600   7,600     $269,200   $239,600           Credit Accounts         Allowance for Doubtful Accounts   $2,200   $1,500 Accumulated Depreciation—Machinery   5,600   2,300 Accumulated Depreciation—Buildings   13,500   9,000 Accounts Payable   34,700   24,800 Accrued Payables   3,300   2,600 Long-Term Notes Payable   20,900   31,300 Common Stock, no-par   150,000   125,000 Retained Earnings   39,000   43,100     $269,200   $239,600 Additional data (ignoring taxes): 1.   Net…