### Bethesda Mining Company Balance Sheets: 2021 and 2022Bethesda Mining Company reports the following balance sheet information for the years 2021 and 2022. Provided below are the details needed to 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 two decimal places, e.g., 32.16.---#### Assets- **Current Assets**: - **Cash**: - 2021: $58,042 - 2022: $73,306 - **Accounts Receivable**: - 2021: $63,781 - 2022: $84,139 - **Inventory**: - 2021: $120,205 - 2022: $185,490 - **Total Current Assets**: - 2021: $242,028 - 2022: $342,935- **Fixed Assets**: - **Net Plant and Equipment**: - 2021: $658,447 - 2022: $589,828 - **Total Assets**: - 2021: $900,475 - 2022: $932,763#### Liabilities and Owners' Equity- **Current Liabilities**: - **Accounts Payable**: - 2021: $188,422 - 2022: $196,111 - **Notes Payable**: - 2021: $83,520 - 2022: $135,088 - **Total Current Liabilities**: - 2021: $271,942 - 2022: $331,199- **Long-Term Debt**: - 2021: $234,000 - 2022: $170,750- **Owners' Equity**: - **Common Stock and Paid-in Surplus**: - 2021: $221,000 - 2022: $221,000 - **Accumulated Retained Earnings**: - 2021: $173,533 - 2022: $209,814 - **Total Owners' Equity**:

VERTICAL ANALYSIS OF BALANCE SHEETVertical analysis is a proportional analysis of financial…

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 % $ 73,306 84,139 % % 185,490 %$ 342,935 2022 % $589,828 % $932,763 % % % % $ 196,111 135,088 $331,199 $ 170,750 % $221,000 % 209,814 % $430,814 %$932,763 % % % % % de de % % % % % % % % % % 28

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 % $ 73,306 84,139 % % 185,490 %$ 342,935 2022 % $589,828 % $932,763 % % % % $ 196,111 135,088 $331,199 $ 170,750 % $221,000 % 209,814 % $430,814 %$932,763 % % % % % de de % % % % % % % % % % 28

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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