Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Assets Fixed assets Net plant and uipment Total assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ 55,526 63,281 121,382 240,189 658,347 898,536 188,922 84,020 272,942 235,000 220,000 170,594 $ 390,594 $ 898,536 % $ 70,205 % 83,639 % 186,805 % 340,649 % $ % $' % % % % $ % % % % $ $ SALA $ $ 2022 $ $ 589,778 930,427. 196,611 135,588 332,199 171,750 220,000 206,478 426,478 930,427 % % % % % % % % % % % % % % %

Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Assets Fixed assets Net plant and uipment Total assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ 55,526 63,281 121,382 240,189 658,347 898,536 188,922 84,020 272,942 235,000 220,000 170,594 $ 390,594 $ 898,536 % $ 70,205 % 83,639 % 186,805 % 340,649 % $ % $' % % % % $ % % % % $ $ SALA $ $ 2022 $ $ 589,778 930,427. 196,611 135,588 332,199 171,750 220,000 206,478 426,478 930,427 % % % % % % % % % % % % % % %

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 7E

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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Assets Net plant and equipment Total assets Current liabilities Liabilities and Owners' Equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 113,146 $ 252,645 $ $ $ 69 72,718 66,781 $ 185,422 80,520 $ 265,942 $ 228,000 $ $ 659,047 911,692 227,000 190,750 417,750 911,692 % $ % % % $ % $ % % $ % $ % 590,128 $ % $ 946,363 69 % $ % % $ % $ 2022 69 91,489 87,139 177,607 356,235 193,111 132,088 325,199 164,750 227,000 229,414 456,414…
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: 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, 2021 and 2022 2021 % Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 58,042 63,781 120,205 $ 242,028 $ 658,447 $ 900,475 $ 188,422 83,520 $ 271,942 $ 234,000 $ 221,000 173,533 $ 394,533 $ 900,475 2022 % $ 73,306 84,139 % % 185,490 %$ 342,935 %$589,828 % $932,763 % $ 196,111 % 135,088 %$ 331,199 % $ 170,750 % $221,000 % 209,814 % $430,814 %$ 932,763 % % % % % de…
es Bethesda Mining Company reports the following balance sheet information for 2021 and 2022 Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal pla Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 37,354 59,781 129,618 226,753 657,647 884,400 192,422 87,520 279,942 242,000 213,000 149,458 362,458 884,400 % % % % % % % % % % % % % % %
Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ LA $ $ EA $ GA $ EA 40,010 60,281 128,441 228,732 GA 657,747 886,479 191,922 87,020 278,942 241,000 $ 214,000 152,537 $ 366,537 886,479 Saved * % $ % % % ote ote % $ % ote ote ote o % $ $ % GA % % GA SA % $ 199,611 % 138,588 % 338, 199 % 177,750 $ $ $ 2022 $ 51,181 80,639 194,689 326,509 SA SA 589,478 915,987 214,000 186,038 400,038 $ 915,987 % % % % % % % % % 1% % dº 60 dº 60 %…
Prepare the income statements and balance sheets for years 2018 and 2019 for Thompson Company using the following information. The balance sheet numbers are at the end of year figures.Item20182019Accounts Payable120.0150.0Accounts Receivable150.0180.0Accumulated Depreciation330.0360.0Cash & Cash Equivalents10.012.0Common Stock150.0200.0Cost of Goods Sold750.0850.0Depreciation25.030.0Interest Expense30.033.0Inventory200.0180.0Long-term Debt150.0150.0Gross Plant & Equipment650.0780.0Retained Earnings208.5225.0Sales1,500.01,700.0SG&A Expenses500.0570.0Notes Payable51.567.0Tax Rate21%21%(2) Answer the following questions:(a) How much did Thompson Company spend in acquiring fixed assets in 2019?(b) How much dividend did Thompson Company pay out during 2019?(c) Using the end of year numbers, did the long-term solvency ratios improve or deteriorate from 2018 to 2019? Answer this question using at least two long-term solvency ratios.(d) Using the end of year numbers, did the asset…
Bethesda Mining Company reports the following balance sheet information. Prepare the 2021 and 2022 common-size balance sheets for the company. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners' 2021 2022 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Total liabilities and owners' equity Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year: a. 2021 Current ratio 2022 Current ratio b. 2021 Quick ratio 2022 Quick ratio c. 2021 Cash ratio 2022 Cash ratio d. 2021 Debt-equity ratio 2021 Equity multiplier 2022 Debt-equity ratio $ 40,010 $ 51,181 60, 281 80,639 128,441 194, 689 $ 228,732 $ 326,509 a. Current ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Quick ratio. 2022 Equity $ 657,747 $ 589,478 $886,479 $ 915,987 Note: Do not round intermediate calculations and round your…
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets 2021 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 27,536 66,346 156,765 $ 250,647 $ 31,383 77,916 185, 533 $ 294,832 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $ 853,518 $ 950,097 $ 1,104,165 $ 1,244,929 Total liabilities and owners' equity Based on the balance sheets given, calculate the following financial ratios for each year: 2021 $ 198,119 91,496 $ 289,615 2022 $ 209,844 104,992 $ 314,836 $ 345,000 $365,000 $ 175,000 294,550 $ 183,000 382,093 $ 469,550 $ 565,093 $ 1,104,165 $ 1,244,929
Following are the current asset and current liability sections of the balance sheets for Freedom Inc. at January 31, 2020 and 2019 (in millions): Current Assets Cash Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities January 31, 2020 Working capital Current ratio 6 EL EL $ 21 $ 15 January 31, 2019 01/31/2020 01/31/2019 9 18 $ 25 Required: a. Calculate the working capital and current ratio at each balance sheet date. (Enter "Working capital" in millions of dollars (1.e.. 10,000,000 should be entered as 10). Round your "Current ratio" to 2 decimal places.) $12 b. Evaluate the firm's liquidity at each balance sheet date. Based on the working capital and current ratio measures, the firm has become more liquid over the 2-year period. O Based on the working capital and current ratio measures, the firm has become less liquid over the 2-year period. c. Assume that the firm operated at a loss…
Epsilon Golf Company's balance sheet at December 31, 2021 is as follows: (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical analysis of Epsilon Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity. (Round the percentages to the nearest hundredth percent, X.XX%. Do not enter the % symbol in any of the input fields.) Assets Total current assets Property, plant, and equipment, net Other assets Total assets Liabilities Total current liabilities December 31, 2021 Long-term debt Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $ $ $ $ Amount 42,465 203,775 38,760 285,000 46,455 107,730 154,185 130,815 285,000 % of total % % % % % % % % %
From the worksheet, prepare the assets section of a classified balance sheet. LOADING... (Click the icon to view the completed worksheet.) A. Marks Co. Partial Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Plant and Equipment: Less:
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets 2021 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable a. 2021 Current ratio 2022 Current ratio b. 2021 Quick ratio 2022 Quick ratio c. 2021 Cash ratio 2022 Cash ratio d. 2021 Debt-equity ratio 2021 Equity multiplier $ 50,434 62,281 123,735 $ 236,450 2022 Debt-equity ratio 2022 Equity multiplier e. 2021 Total debt ratio 2022 Total debt ratio $ 658,147 $ 894,597 $ 63,944 82,639 189, 433 $ 336,016 $589,678 $ 925,694 Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year: Total Long-term debt Owners' equity Common stock and paid-in surplus a. Current ratio. Note: Do not round intermediate…