a. 2021 Current ratio2022 Current ratiob. 2021 Quick ratio2022 Quick ratioc. 2021 Cash ratio2022 Cash ratiod. 2021 Debt-equity ratio2022 Debt-equity ratiod. 2021 Equity multiplier2022 Equity multipliere. 2021 Total debt ratio2022 Total debt ratiotimestimestimestimestimestimestimestimestimestimestimestimes Bethesda Mining Company reports the following balance sheet information for 2021 and 2022.AssetsCurrent assetsCashAccounts receivableInventoryTotalFixed assetsNet plant and equipmentTotal assets2021BETHESDA MINING COMPANYBalance Sheets as of December 31, 2021 and 20222022Liabilities and Owners' EquityCurrent liabilitiesAccounts payableNotes payableTotal$ 27,53666,346156,765$ 250,647$ 31,38377,916185, 533$ 294,832Long-term debtOwners' equityCommon stock and paid-in surplusAccumulated retained earningsTotal$ 853,518$ 950,097$ 1,104,165 $ 1,244,929 Total liabilities and owners' equityBased on the balance sheets given, calculate the following financial ratios for each year:2021$ 198,11991,496$ 289,6152022$ 209,844104,992$ 314,836$ 345,000$365,000$ 175,000294,550$ 183,000382,093$ 469,550$ 565,093$ 1,104,165 $ 1,244,929

The objective of this question is to calculate various financial ratios for Bethesda Mining Company…

Answered: a. 2021 Current ratio 2022 Current…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 24CE

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