Final answer:
To analyze Bethesda Mining Company's balance sheet, compare line items over time for trend analysis, calculate the debt-to-equity ratio using balance sheet data, but note that net income is typically on the income statement, and the inventory turnover ratio requires cost of goods sold and inventory data not present on the balance sheet.
Step-by-step explanation:
The student's question pertains to the analysis of a balance sheet for Bethesda Mining Company, including trend analysis, calculation of debt-to-equity ratio, determination of net income for 2022, and evaluation of the inventory turnover ratio. To answer these questions comprehensively:
- Financial trend analysis would require comparing line items on the balance sheets from 2021 to 2022 to see how assets, liabilities, and equity have changed over time.
- To calculate the debt-to-equity ratio, divide total liabilities by total shareholders' equity for each year.
- Net income is not directly observable from the balance sheet. It would typically be found on the income statement. If only the balance sheets are provided, an indirect way to estimate net income might involve the change in retained earnings, but this method requires additional information including dividends paid.
- The inventory turnover ratio is calculated by dividing cost of goods sold by the average inventory. However, this information is typically found on the income statement and additional notes, not the balance sheet.
Given the information provided, it would be difficult to accurately calculate the debt-to-equity ratio and inventory turnover ratio without specific numbers from the balance sheet or to ascertain the net income without an income statement.