All categories

3 years ago

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

Business

1 answer:

Lelechka [254]3 years ago

8 0

Answer:

a. Current ratio = current assets / current liability

2018 = 276,942 / 232,631 = 1.19

2019 = 336,199 / 331,302 = 1.01

b. Quick ratio = (current assets - inventory) / current liabilities

2018 = (276,942 - 126,088) / 232,631 = 0.65

2019 = (336,199 - 192,061) / 331,302 = 0.44

c. Cash ratio = (cash + cash equivalents) / current liabilities

2018 = 45,262 / 232,631 = 0.19

2019 = 57,602 / 331,302 = 0.17

d. Debt-equity ratio = debt / equity

2018 = 515,942 / 374,636 = 1.38

2019 = 511,949 /408,931 = 1.25

equity multiplier = assets / equity

2018 = 890,578 / 374,636 = 2.38

2019 = 920,880 /408,931 = 2.25

e. Total debt ratio = debt / assets

2018 = 515,942 / 890,578 = 0.58

2019 = 511,949 / 920,880 = 0.56

You might be interested in

The Reuschel Company began 2018 with inventory of 21,000 units at a cost of $8 per unit. During 2018, 61,000 units were purchase

PtichkaEL [24]

Answer:

1. The Cost of Goods Sold for the period ended 2018 is 682,950.

2. If FIFO method has been used, the Cost of Goods Sold would have been 660,525. Hence, LIFO method has reduced Gross Profit by 22,425 (682,950 - 660,525).

Explanation:

LIFO is one of the methods to calculate cost of goods sold. It assumes that the recently purchased stock is sold first. When a company uses LIFO method, it gets a higher cost of goods sold figure because of Inflation factor.

In the example shared, the company has opening stock of 21,000 units which were purchased at a unit price of $8. During the Year, further units were purchased but this time at a unit cost of $9.95. It is given that the Sales were of 70,500 units. Since the company uses LIFO method, it must remove the recently purchased stock from its books first. So,

61,000 * 9.95 = $606,950.

But the company sold 70,500 units. It means that 61,000 of recently purchased goods were sold and the remaining (70,500 - 61,000) from opening stock.

9,500 * 8 = $76,000. This gives us total CGS of $682,950 (606,950 + 76,000).

If you have any further queries, feel free to ask me. Thanks!

5 0

3 years ago

A successful manager is most likely to have:________

rewona [7]

Option [D] is the correct answer.

A successful manager is most likely to have a reactive personality. In addition to leading teams and fostering their growth, excellent managers may simultaneously exercise complete control over their company's operations and results.

<h3>Difference between a Manager and a Leader</h3>

A manager is not the same thing as a leader. A leader prioritizes the development and well-being of your team members while a manager may be responsible for work delegation and timekeeping. The best managers are adept at performing both tasks and can effectively leverage each employee's abilities to create a successful company. Deborah Sweeney, vice president and general manager of business acquisitions at Deluxe Corp., asserts that effective managers accomplish this by utilizing their emotional intelligence and soft skills.

To know more about ' Good Managerial Skills' , visit:brainly.com/question/24215941

#SPJ4

8 0

2 years ago

Who determines your credit score?

Natali5045456 [20]

Answer:

Credit karma

Explanation:

7 0

3 years ago

Read 2 more answers

Do a majority of US adults believe raising the minimum wage will help the economy, or is there a majority who do not believe thi

Fofino [41]

Answer:

There is sufficient evidence to support the claim that the majority of US adults believe raising the minimum wage will help the economy

Explanation:

Please see attachment .

5 0

3 years ago

Free if I am voted brainiest and like!<br> Next time will be Moree than 50.... :)

PolarNik [594]

Answer:

huh?

what?

is this fReEeE?

4 0

3 years ago