Question

Bethesda Mining Company reports the following balance sheet Information for 2018 and 2019. 2018 2019 Assets Current assets Ca

c. Cash ratio. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Debt-equi

times times times times 2018 Cash ratio 2019 Cash ratio 2018 Debt-equity ratio 2018 Equity multiplier 2019 Debt-equity ratio

0 0
Add a comment Improve this question Transcribed image text
Answer #1

c). Cash ratio = cash and cash equivalent/current assets

So, cash ratio for 2018 = 31982/281942 = 0.1134

cash ratio for 2019 = 41399/341199 = 0.1213

d). Debt = long term debt + current liabilities

Total debt 2018 = 281942+244000 = 525942

Total debt 2019 = 341199+180750 = 521949

equity for 2018 = 354239

equity for 2019 = 386549

Debt equity ratio = total debt/equity

equity multiplier = Total assets/equity

debt-equity 2018 = 525942/354239 = 1.48

equity multiplier 2018 = 880181/354239 = 2.48

debt-equity 2019 = 521949/386549 = 1.35

equity multiplier 2019 = 908489/386549 = 2.35

e) total debt ratio = total debt/total assets

total debt ratio 2018 = 525942/880181 = 0.60

total debt ratio 2019 = 521949/908489 = 0.57

Add a comment
Know the answer?
Add Answer to:
Bethesda Mining Company reports the following balance sheet Information for 2018 and 2019. 2018 2019 Assets...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Bethesda Mining Company reports the following balance sheet Information for 2018 and 2019. 2018 2019 Assets...

    Bethesda Mining Company reports the following balance sheet Information for 2018 and 2019. 2018 2019 Assets Current assets Cash Accounts receivable BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Llabilities and Owners' Equity Current liabilities $ 31,982 $ 41,399 Accounts payable 58,781 79,139 Notes payable $ 193,422 $ 201,111 88,520 140,088 Inventory 131,971 198,632 Total $ 281,942 $ 341,199 Total $222,734 $319,170 $244.000 $ 180,750 Long-term debt Owners' equity Common stock and pald-In surplus...

  • Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Bethesda Mining Company...

    Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 2018 2019 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 70,322 $ 88,509 Accounts payable Accounts receivable 66,281 86,639 Notes payable Inventory $ 185,922 81,020 $ 193,611 132,588 114,322 178,920 Total $266,942 $ 326,199 Total $250,925 $354,068...

  • Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 2018 2019 BETHESDA...

    Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 2018 2019 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 26,530 $ 34,778 Accounts payable Accounts receivable 57,781 78,139 Notes payable Inventory $ 194,422 89,520 $ 202,111 141,088 134,324 201,260 Total $283,942 $ 343,199 Total $ 218,635 $ 314,177 $246,000 $ 182,750 Long-term debt Owners' equity Common stock and paid-in...

  • Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING COMPANY...

    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 $ 55,526 $ 70,205      Accounts payable $ 188,922 $ 196,611     Accounts receivable 63,281 83,639      Notes payable 84,020 135,588     Inventory 121,382 186,805             Total $ 272,942 $ 332,199       Total $ 240,189 $ 340,649   Long-term debt $ 235,000 $ 171,750   Owners’ equity      Common...

  • Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Assets Current assets...

    Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 21,182 $ 24,141 Accounts payable $ 180,108 $ 190,767 51,036 59,935 Notes payable 83,179 98,175 120,589 142,718 Total $263,287 $ 288,942 $ 192,807 $ 226,794 Long-term debt $305,000 $ 340,000 Owners' equity Common stock and paid-in $...

  • Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING COMPANY...

    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...

  • Bethesda Mining Company reports the following balance sheet information for 2018 and 2019 Assets Current assets...

    Bethesda Mining Company reports the following balance sheet information for 2018 and 2019 Assets Current assets Cash Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 21182 $ 24.141 Accounts payable $ 180,108 $ 190,767 51,036 59.935 Notes payable 83,179 98,175 120.589 142,718 Total $ 263 287 $ 288,942 $ 192,807 $ 226,794 Long-term debt $305,000 $ 340,000 Owners' equity Common stock and paid in...

  • 13 Bethesda Mining Company reports the following balance sheet information for 2018 and 2019 10 points...

    13 Bethesda Mining Company reports the following balance sheet information for 2018 and 2019 10 points 2018 2019 Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 72,718 $ 91,489 Accounts payable 66781 87139 Notes payable 113,146 177,607 eBook $ 185,422 $ 193,111 80,520 132,088 References Total $265,942 $325199 Total $252.645 $356 235 $228,000 $164,750 Long-term debt Owners' equity Common stock...

  • Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING COMPANY...

    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 $ 34,678 $ 44,680      Accounts payable $ 192,922 $ 200,611     Accounts receivable 59,281 79,639      Notes payable 88,020 139,588     Inventory 130,795 197,317             Total $ 280,942 $ 340,199       Total $ 224,754 $ 321,636   Long-term debt $ 243,000 $ 179,750   Owners’ equity      Common...

  • 3. Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 2018 2019...

    3. Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 2018 2019 Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Liabilities and Owners' Equity Current liabilities 29,266 $ 38,098 Accounts payable 58,281 78,639 Notes payable 133,148 199,946 $ $ 193,922 89,020 $ 201,6 140,5 Total $ 282,942 $ 342,1 Total $ 220,695 $ 316,683 $ 245,000 $ 181,7 Long-term debt Owners' equity Common...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT