Question

Bethesda Mining Company reports the following balance sheet information. Prepare the 2018 and 2019 common-size balance sheets for the company. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e... 32.16.) 

Answer 1

A common size baalnce sheet is that where all numbers are reported as a percentage of total asset. It is basically used in compairing big sized organisation baalnce sheet with small businesses. Here we need to compare only percentages and not dollars.
BETHE SDA MINING COMPANY
Balance sheet as of December 2018 and 2019
	2018			2019
Assets
Current Assets
Cash	21182	2.19	%	24141	2.21	%
Accounts Receivables	51036	5.27	%	59935	5.50	%
Invetory	120589	12.45	%	142718	13.09	%
Total	192807	19.90	%	226794	20.80	%
Fixed Assets
Net Plant and Equipments	775925	80.10	%	863726	79.20	%
Total Assets	968732	100		1090520	100
Liabilities and Owner's Equity
Current Liabilities
Accounts Payable	180108	18.59	%	190767	17.49	%
Notes Payable	83179	8.59	%	98175	9.00	%
Total	263287	27.18	%	288942	26.50	%
Long Term Debt	305000	31.48	%	340000	31.18	%
Owner's Equity
Common Stock	165000	17.03	%	178000	16.32	%
Accumulated Retained Earning	235445	24.30	%	283578	26.00	%
Total	400445	41.34	%	461578	42.33	%
Total Liabilities and Owner's Equity	968732	100		1090520	100