Question

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.)

BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Current assets Cash $34,678 % $44,680 % Accounts receivable 59,281 % 79,639 % Inventory 130,795 % 197,317 % Total $224,754 % $321,636 % Fixed assets Net plant and equipment $657,547 % $589,378 % Total assets $882,301 % $911,014 % Liabilities and Owners’ Equity Current liabilities Accounts payable $192,922 % $200,611 % Notes payable 88,020 % 139,588 % Total $280,942 % $340,199 % Long-term debt $243,000 % $179,750 % Owners' equity Common stock and paid-in surplus $212,000 % $212,000 % Accumulated retained earnings 146,359 % 179,065 % Total $358,359 % $391,065 % Total liabilities and owners' equity $882,301 % $911,014 %