Homework answers / question archive / 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

Finance

Share With

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Prepare the 2018 and 2019 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Current assets Cash $ % $ % Accounts receivable % % 31,982 58,781 131,971 222,734 41,399 79,139 198,632 319,170 % % $ % % $ % % 657,447 880,181 589,328 908,498 $ % $ % Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ % $ 201,111 % % % 193,422 88,520 281,942 244,000 $ % $ 140,088 341,199 180,750 % $ % $ % $ % $ % Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity % % 211,000 143,239 354,239 880,181 211,000 175,549 386,549 908,498 $ $ % % % % $ $