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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.

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 $ 21,396 % $ 24,385 % Accounts payable $ 214,414 % $ 192,480 %
Accounts receivable 51,552 % 58,318 % Notes payable 99,022 % 134,508 %
Inventory 121,807 % 143,615 %
Total $ 313,436 % $ 326,988 %
Total $ 194,755 % $ 226,318 %
Long-term debt $ 271,700 % $ 285,300 %
Owners equity
Common stock and paid-in surplus $ 200,000 % $ 200,000 %
Accumulated retained earnings 132,481 % 171,358 %
Fixed assets
Net plant and equipment $ 722,862 % $ 757,328 % Total $ 332,481 % $ 371,358 %
Total assets $ 917,617 % $ 983,646 % Total liabilities and owners equity $ 917,617 % $ 983,646 %

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