Question

Bethesda Mining Company reports the following balance sheet information for 2015 and 2016 Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining. De hot round Intermediate calculations and enter as a percent rounded to 2 decimal places, ..., 32.16.) THESOAMINING COMPANY Balance Sheets as of December 31, 2015 and 2016 Curront Cash $ 72.718 % Labilities and Owners' Equity Current liabides Accounts payable Noles payable $185.422 Accounts recevable Inventory 91.489 87,139 177 607 $ 35635 113,146 $ 205.02 $ 228,000 Total $ 252 645 Long term debt Owners equity Common stock and paid in surplus Accumulated ained earings Fixed Net plant and equipment $ 650,047 % S 500,128 Total Toalets $ 911,682 940,363 Toal e s and owners equity References Book & Resources Worksheet Leaming Objective 03-01 Standard financial statements for comparison purposes Difficulty: 1 Basic Section 3.1 Standardized Financial Check my wors MacBook Air 888 @

Answer 1

Preparation of Commonsite Balance sheet of Bethesda Mining for 2015 and 2016 - Assets i I 2015 2016 Current assets. Cash 72718 7.98 91489.9.67 . Account Receivables 66781 7.32 87139 9:21 Inventory 113146 12.41 177 607 18.77 Total 25 2645 27.71356235 3765 fined Assets Net plant and Equipment 1659047 172.39 590128179-35 - Total Assets. 911692 100.00.946:363.100.00 Leabilities and ourness Equity Consent Liabilitics Accounts Payable 118 5422 20.34 19311L 20.41 Notes Payable 80520 8.88 132088 13.26 Total (265942 29.17 325199 34.37. Long term Debt 228 000 25.01. 164750 17.40 Owner's Equity Common stock & Paid in Surplus 227000 24.90 227000 23.99 Accamutafod Retained 1190730 20-92 229414 24 24 Earnings 1 Total 1 917750 48.82 456414748.23 Total Assets & Owners Equity 9 11692 100 946 36 3 100.00 3 - • % are calculated by dividing the amount by Total Amoant; such as = 72718/9 11 692= 7.98% or 193111/946363 = 20.41%