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 assetsCashAccounts receivableInventoryTotalFixed assetsAssetsNet plant and equipmentTotal assetsCurrent liabilitiesLiabilities and Owners' EquityBETHESDA MINING COMPANYBalance Sheets as of December 31, 2021 and 20222021%Accounts payableNotes payableTotalLong-term debtOwners' equityCommon stock and paid-in surplusAccumulated retained earningsTotalTotal liabilities and owners' equity$113,146$ 252,645$$$6972,71866,781$185,42280,520$ 265,942$228,000$$659,047911,692227,000190,750417,750911,692% $%%% $% $%%$% $%590,128$% $ 946,36369% $%% $%$20226991,48987,139177,607356,235193,111132,088325,199164,750227,000229,414456,414946,363%%%%%%%%%%%%%%%

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. 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 $ $ CA S CA $ S $ CA 72,718 66,781 113,146 252,645 $ S 659,047 911,692 185,422 80,520 265,942 228,000 $ 227,000 190,750 417,750 911,692 % $ % % $ % $ % SS 88 % $ % % S $ % S % $ % S 2022 69 91,489 87,139 177,607 356,235 590,128 946,363 227,000 229,414 % 456,414 % S 946,363 193,111 132,088 325,199 164,750 % % % % % % % % % % % %

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 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 $ $ CA S CA $ S $ CA 72,718 66,781 113,146 252,645 $ S 659,047 911,692 185,422 80,520 265,942 228,000 $ 227,000 190,750 417,750 911,692 % $ % % $ % $ % SS 88 % $ % % S $ % S % $ % S 2022 69 91,489 87,139 177,607 356,235 590,128 946,363 227,000 229,414 % 456,414 % S 946,363 193,111 132,088 325,199 164,750 % % % % % % % % % % % %

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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