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Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining. (Do
Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. Prepare the 2015 and 2016 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, 2015 and 2016 | |||||||||||||||||||||||
2015 | 2016 | 2015 | 2016 | ||||||||||||||||||||
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 stock and paid-in surplus | $ | 220,000 | % | $ | 220,000 | % | |||||||||||||||||
Fixed assets | Accumulated retained earnings | 170,594 | % | 206,478 | % | ||||||||||||||||||
Net plant and equipment | $ | 658,347 | % | $ | 589,778 | % | Total | $ | 390,594 | % | $ | 426,478 | % | ||||||||||
Total assets | $ | 898,536 | % | $ | 930,427 | % | Total liabilities and owners equity | $ | 898,536 | % | $ | 930,427 | % | ||||||||||
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