Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. |
Prepare the 2013 and 2014 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. Required: Prepare the 2013 and 2014 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. Required: Prepare the 2013 and 2014 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 26,530 % $ 34,778 % Accounts payable $194,422 % $202,111 % Accounts receivable 57,781 % 78,139 % Notes payable 89,520 % 141,088 % Inventory 134,324 % 201,260 % Total $283,942 % $343,199 % Total $ 218,635 % $ 314,177 % Long-term debt $ 246,000 % $ 182,750 % Owners' equity Common stock and paid-in surplus $209,000 % $209,000 % Accumulated retained earnings 136,940 % 168,456 % Fixed assets Net plant and equipment $ 657,247 % $ 589,228 % Total $345,940 % $377,456 % Total assets $ 875,882 % $ 903,405 % Total liabilities and owners' equity $875,882 % $903,405 Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. Required: Prepare the 2013 and 2014 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. Required: Prepare the 2013 and 2014 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 26,530 % $ 34,778 % Accounts payable $194,422 % $202,111 % Accounts receivable 57,781 % 78,139 % Notes payable 89,520 % 141,088 % Inventory 134,324 % 201,260 % Total $283,942 % $343,199 % Total $ 218,635 % $ 314,177 % Long-term debt $ 246,000 % $ 182,750 % Owners' equity Common stock and paid-in surplus $209,000 % $209,000 % Accumulated retained earnings 136,940 % 168,456 % Fixed assets Net plant and equipment $ 657,247 % $ 589,228 % Total $345,940 % $377,456 % Total assets $ 875,882 % $ 903,405 % Total liabilities and owners' equity $875,882 % $903,405