Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Bethesda Mining Company reports the following
Question:
Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining.
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Use this information to work Problems.
Transcribed Image Text:
Current assets Cash Accounts receivable Inventory Total Assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2022 2021 $ 27,536 $ 31,383 66,346 77,916 156,765 185,533 $ 250,647 $ 294,832 Fixed assets Net plant and equipment $853,518 Total assets $ 950,097 $1,104,165 $1,244,929 Current liabilities 2021 Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $198,119 91,496 $289,615 $ 345,000 $ 175,000 294,550 $ 469,550 $1,104,165 2022 $ 209,844 104,992 $314,836 $365,000 $183,000 382,093 $ 565,093 $1,244,929
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Related Book For
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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