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Can you tell me how to find the percentages? I didn't see any explaining the process on Chegg. Thank you! Bethesda Mining Company reports the
Can you tell me how to find the percentages? I didn't see any explaining the process on Chegg. Thank you!
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.) 2019 % 44,680 79,639 197,3171 321,636 % % BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 Assets Current assets Cash $ 34,678 Accounts receivable 59,281 % Inventory 130,795 Total $ 224,754 % $ Fixed assets Net plant and equipment $ 657,547 % $ Total assets $ 882,301 100.00% $ Liabilities and Owners' Equity Current liabilities Accounts payable $ 192,922 $ Notes payable 88,020 % Total $ 280,942 % $ Long-term debt $ 243,000 % $ Owners' equity Common stock and paid-in surplus $ 212,000 % Accumulated retained earnings 146,359 Total $ 358,359 $ Total liabilities and owners' equity $ 882,301 % $ 589,378 911,014 % 100.00% 200,611 139,588 340,199 179,750 % % % $ % % 212,000 179,065 391,0651 911,014 %Step by Step Solution
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