Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5 Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda
5 Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: 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, 2021 and 2022 Book 2021 % 2022 % Assets Current assets Print Cash Accounts receivable Inventory ferences Total $ 50,434 5.08 % $ 63,944 % 62,281 % 82,639 % 123,735 % 189,433 % $ 236,450 % $ 336,016 % Fixed assets Net plant and equipment $ 658,147 % $ 589,678 % Total assets $ 894,597 % $ 925,694 % Liabilities and Owners' Equity Current liabilities Accounts payable $ 189,922 % $ 197,611 % Notes payable 85,020 % 136,588 % Total $ 274,942 % Long-term debt $ 237,000 % $ 55 334,199 % 173,750 % Owners' equity Common stock and paid-in surplus $ 218,000 % $ 218,000 % Accumulated retained earnings 164,655 % 199,745 % Total $ 382,655 % $ 417,745) % Total liabilities and owners' equity $ 894,597 % S 925,694 % w Prey 5 of 10 Movt
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started