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. (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, 2015 and 2016
	2015						2016						2015						2016
Assets												Liabilities and Owners’ Equity
Current assets												Current liabilities
Cash	$	67,906			%		$	85,508			%	Accounts payable	$	186,422			%		$	194,111			%
Accounts receivable		65,781			%			86,139			%	Notes payable		81,520			%			133,088			%
Inventory		115,499			%			180,234			%	Total	$	267,942			%		$	327,199			%
Total	$	249,186			%		$	351,881			%	Long-term debt	$	230,000			%		$	166,750			%
												Owners’ equity
												Common stock and paid-in surplus	$	225,000			%		$	225,000			%
Fixed assets												Accumulated retained earnings		185,091			%			222,960			%
Net plant and equipment	$	658,847			%		$	590,028			%	Total	$	410,091			%		$	447,960			%
Total assets	$	908,033			%		$	941,909			%	Total liabilities and owners’ equity	$	908,033			%		$	941,909			%