Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 Assets 2021 2022 Liabilities and Owners’ Equity 2021 2022 Current assets     Current liabilities     Cash $ 50,434 $ 63,944 Accounts payable $ 189,922 $ 197,611 Accounts receivable 62,281 82,639 Notes payable 85,020 136,588 Inventory 123,735 189,433 Total $ 274,942 $ 334,199 Total $ 236,450 $ 336,016 Long-term debt $ 237,000 $ 173,750       Owners’ equity           Common stock and paid-in surplus $ 218,000 $ 218,000 Fixed assets     Accumulated retained earnings 164,655 199,745 Net plant and equipment $ 658,147 $ 589,678 Total $ 382,655 $ 417,745 Total assets $ 894,597 $ 925,694 Total liabilities and owners’ equity $ 894,597 $ 925,694 Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year: Current ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Quick ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Cash ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Debt-equity ratio and equity multiplier. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Total debt ratio.

Condensed financial data of Martinez Company for 2020 and 2019 are presented below. MARTINEZ COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,780     $1,130   Receivables   1,740     1,290   Inventory   1,610     1,870   Plant assets   1,930     1,710   Accumulated depreciation   (1,210 )   (1,150 ) Long-term investments (held-to-maturity)   1,290     1,440       $7,140     $6,290                 Accounts payable   $1,180     $900   Accrued liabilities   190     240   Bonds payable   1,410     1,590   Common stock   1,920     1,690   Retained earnings   2,440     1,870       $7,140     $6,290     MARTINEZ COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $6,880 Cost of goods sold   4,650 Gross margin   2,230 Selling and administrative expenses   940 Income from…

Condensed financial data of Waterway Company for 2020 and 2019 are presented below. WATERWAY COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,820     $1,130   Receivables   1,730     1,280   Inventory   1,590     1,870   Plant assets   1,940     1,690   Accumulated depreciation   (1,220 )   (1,180 ) Long-term investments (held-to-maturity)   1,300     1,450       $7,160     $6,240                 Accounts payable   $1,200     $920   Accrued liabilities   190     230   Bonds payable   1,430     1,530   Common stock   1,930     1,710   Retained earnings   2,410     1,850       $7,160     $6,240     WATERWAY COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $6,840 Cost of goods sold   4,630 Gross margin   2,210 Selling and administrative expenses   930 Income from…

Pharoah Corporation’s comparative balance sheet is presented below. PHAROAH CORPORATIONBalance SheetDecember 31 Assets   2021     2020   Cash   $12,010     $8,980   Accounts receivable   17,810     19,660   Land   16,800     21,840   Buildings   58,800     58,800   Accumulated depreciation—buildings   (12,600 )   (8,400 ) Total   $92,820     $100,880   Liabilities and Shareholders’ Equity             Accounts payable   $10,390     $26,120   Common shares   63,000     57,960   Retained earnings   19,430     16,800   Total   $92,820     $100,880   Additional information: 1.   Profit was $19,010. Dividends declared and paid were $16,380. 2.   No noncash investing and financing activities occurred during 2021. 3.   The land was sold for cash of $4,120 resulting in a loss of $920 on the sale of the land. Prepare a cash flow statement for 2021 using the indirect method. Lu…

Condensed financial data of Waterway Company for 2020 and 2019 are presented below. WATERWAY COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,790     $1,150   Receivables   1,780     1,330   Inventory   1,620     1,890   Plant assets   1,930     1,700   Accumulated depreciation   (1,200 )   (1,180 ) Long-term investments (held-to-maturity)   1,310     1,420       $7,230     $6,310                 Accounts payable   $1,210     $920   Accrued liabilities   210     240   Bonds payable   1,370     1,530   Common stock   1,860     1,670   Retained earnings   2,580     1,950       $7,230     $6,310     WATERWAY COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $6,970 Cost of goods sold   4,680 Gross margin   2,290 Selling and administrative expenses   940 Income from…

Condensed financial data of Whispering Company for 2020 and 2019 are presented below. WHISPERING COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,830     $1,130   Receivables   1,770     1,290   Inventory   1,620     1,920   Plant assets   1,940     1,680   Accumulated depreciation   (1,190 )   (1,170 ) Long-term investments (held-to-maturity)   1,300     1,410       $7,270     $6,260                 Accounts payable   $1,220     $910   Accrued liabilities   210     260   Bonds payable   1,420     1,530   Common stock   1,890     1,710   Retained earnings   2,530     1,850       $7,270     $6,260     WHISPERING COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $7,100 Cost of goods sold   4,760 Gross margin   2,340 Selling and administrative expenses   930 Income from…

BETHESDA MINING COMPANYBalance 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…

Condensed financial data of Flounder Company for 2020 and 2019 are presented below. FLOUNDER COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,760     $1,180   Receivables   1,780     1,280   Inventory   1,610     1,920   Plant assets   1,880     1,660   Accumulated depreciation   (1,220 )   (1,190 ) Long-term investments (held-to-maturity)   1,310     1,400       $7,120     $6,250                 Accounts payable   $1,170     $880   Accrued liabilities   190     240   Bonds payable   1,390     1,540   Common stock   1,910     1,730   Retained earnings   2,460     1,860       $7,120     $6,250     FLOUNDER COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $7,020 Cost of goods sold   4,780 Gross margin   2,240 Selling and administrative expenses   910 Income from…

Condensed financial data of Flounder Company for 2020 and 2019 are presented below. FLOUNDER COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,830     $1,140   Receivables   1,720     1,280   Inventory   1,610     1,900   Plant assets   1,870     1,690   Accumulated depreciation   (1,210 )   (1,190 ) Long-term investments (held-to-maturity)   1,270     1,410       $7,090     $6,230                 Accounts payable   $1,230     $910   Accrued liabilities   200     250   Bonds payable   1,410     1,540   Common stock   1,880     1,710   Retained earnings   2,370     1,820       $7,090     $6,230   FLOUNDER COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $6,880 Cost of goods sold   4,680 Gross margin   2,200 Selling and administrative expenses   930 Income from…

Е. The income statement , statement of retained earnings and balance sheet of Somerville Company are as follows: Somerville Company Income Statement For the Year Ended December 31, 2019 Amount Percent Net sales 8,281,989 100.0% Less: Cost of goods sold Gross margin Less: Operating expenses Operating income (5,383,293) 2,898,696 (1,323,368) 1,575,328 (50,000) 1,525,328 65.0 35.0 16.0 19.0 Less: Interest expense Income before taxes 0.6 18.4 Less: Income taxes (40%) (610,131) 915.197 7.4 Net income 11.0 Somerville Company Statement of Retained Earnings For the Year Ended December 31, 2019 Balance, beginning of period 1,979,155 Net income 915,197 Total 2,894,352 (80,000) (201,887) 2.612.465 Less: Preferred dividends Dividends to common stockholders Balance, end of period