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 $ 29,266 % $ 38,098 % Accounts payable $ 193,922 % $ 201,611 %
Accounts receivable 58,281 % 78,639 % Notes payable 89,020 % 140,588 %
Inventory 133,148 % 199,946 % Total $ 282,942 % $ 342,199 %
Total $ 220,695 % $ 316,683 % Long-term debt $ 245,000 % $ 181,750 %
Owners’ equity
Common stock and paid-in surplus $ 210,000 % $ 210,000 %
Fixed assets Accumulated retained earnings 140,100 % 172,012 %
Net plant and equipment $ 657,347 % $ 589,278 % Total $ 350,100 % $ 382,012 %
Total assets $ 878,042 % $ 905,961 % Total liabilities and owners’ equity $ 878,042 % $ 905,961 %
