Question: 0.48 11 points Problem 3-15 Preparing Standardized Financial Statements [LO 1] Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.
0.48 11 points Problem 3-15 Preparing Standardized Financial Statements [LO 1] 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.) eBook BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 References Assets Current assets Cash $ 37,354 % $ 47.940 % Accounts receivable 59,781 % 80,139 Inventory 129,618 % 196,004 Total $ 226,753 % $ 324,083 % Fixed assets Net plant and equipment S 657,647 % $ 589,428 Total assets $ 884,400 % $ 913,511 Liabilities and Owners' Equity Current liabilities: Accounts payable S 192 422 % $ 200,111 Notes payable 87,520 % 139,088 % Total $ 279,942 % S 339,199 % Long-term debt $ 242,000 % S 178.750. % Owners' equity Common stock and paid-in surplus $ 213,000 % S 213,000 % Accumulated retained earnings 149,458 % 182,562 % Total S 362,458 % $ 395,562 % Total liabilities and owners' equity $ 884,400 % $ 913,511 %
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