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 $ $ $ 657,747 $ 886,479 $ $ GA GA $ $ 40,010 60,281 128,441 228,732 EA 191,922 87,020 278,942 241,000 214,000 152,537 $ 366,537 $ 886,479 do % % % % $ $ % $ CASA % $ % % % $ | 2022 $ 199,611 138,588 338,199 177,750 % $ 51,181 80,639 194,689 326,509 589,478 915,987 % $ 214,000 % 186,038 % $ 400,038 % $ 915,987 % % % % % % % % % % % di di dº 8 % % % %

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 $ $ $ 657,747 $ 886,479 $ $ GA GA $ $ 40,010 60,281 128,441 228,732 EA 191,922 87,020 278,942 241,000 214,000 152,537 $ 366,537 $ 886,479 do % % % % $ $ % $ CASA % $ % % % $ | 2022 $ 199,611 138,588 338,199 177,750 % $ 51,181 80,639 194,689 326,509 589,478 915,987 % $ 214,000 % 186,038 % $ 400,038 % $ 915,987 % % % % % % % % % % % di di dº 8 % % % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please solve for PART A (liquidity’s current ratio, account receivables turnover, and inventory turnover/profitability’s profit margin, asset turnover, return on assets, and earnings per share) and PART B (return on common stockholder’s equity, debt to assets ratio, and price earnings ratio)
Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2021 and 2020, and the increases or decreases in each account from 2020 to 2021. Also presented is selected income statement information for the year ended December 31, 2021, and additional information. Selected Balance Sheet Accounts Assets Accounts receivable Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Bonds payable Dividends payable i Common stock, $1 par Additional paid-in capital Retained earnings 2021 Depreciation Gain on sale of equipment Net income $ 38,000 $ 26,000 281,000 249,000 (182,000) (169,000) 55,000 9,000 26,000 10,000 108,000 2020 37,000 14,000 32,000 50,000 5,800 21,000 3,800 93,000 Selected Income Statement Information for the Year Ended December 31, 2021 Sales revenue $ 159,000 Increase. (Decrease) $12,000 32,000 13,000 5,000 3,200 5,000 6,200 15,000 Additional information: a. Accounts receivable relate to sales of merchandise. b. During…
Please help solve
The cost of goods sold for Veltron International last year amounted to $547,800, and the average inventory at cost was $365,200. The published inventory turnover at cost is 6.6. Calculate the inventory turnover at cost, and if it is less than the published rate, calculate the target average inventory at cost (in $). (If the actual turnover is greater than the published rate, enter "above" for target average inventory.) Inventory turnover at cost Target average inventory at cost $
Text Predictions: On ABC Inc. Balance Sheet as at December 31, 2015 and 2016 ($ thousands) Current Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Property, Plant & Equipment Less Accumulated Depreciation Property, Plant & Equipment, net Total Assets Liabilities and S/H Equity Current Liabilities Accounts Payable Notes Payable and short-term debt Total Current Liabilities Long-Term Debt Shareholders' Equity Common Shares Paid-In Capital Retained Earnings Total Total Liabilities and S/H Equity ABC Inc. Income Statement for 2015 and 2016 ($ thousands) Revenue Cost of Goods Sold Operating Expenses Depreciation Earnings Before Interest & Taxes (EBIT) Interest Paid Income Before Taxes (EBT) Taxes Paid Net Income (NI) Dividend Accessibility: Investigate 2015 $ 200 450 550 $1,200 2.200 (1.000) 1,200 $2,400 $ 200 0 $ 200 $ 600 300 600 700 $1,600 $2,400 2015 $1,200 700 30 220 S 250 50 $ 200 180 $ 120 $ S 2016 $ 150 425 625 $1,200 2016 $1,450 850 40 200 $360 160 $ 300…
Use the following financial statements: Balance Sheet (year-end) Assets Cash Dynamic Mattress Year-End Balance Sheet for 2020 (figures in $ millions) Marketable Securities Accounts Receivable Inventory Total current assets Fixed Assets Property, Plant and Equipment Less: Accumulated Depreciation Net Fixed Assets Total Assets Liabilities and Equity Bank Loans Accounts Payable Total Current Liabilities Long-Term Debt Shareholder's Equity Total Liability and Shareholder's Equity Dynamic Mattress Income Statement for 2020 (figures in $ millions) Sales Operating costs Depreciation Interest Pretax income Tax at 50% Net income $ 1,560.0 1,375.0 $185.0 12.5 $ 172.5 29.0 Notes: Dividends $36. Retained earnings = $35.8. $143.5 71.8 $71.8 Dynamic Mattress Statement of Cash Flows for 2020 (figures in $ millions) Sources of cash: Sold marketable securities Total sources Uses of cash: Increased bank loans Increased accounts payable Increased long-term debt Cash from operations: Net income…
Please do not give solution in image format and show all calculation thanku
Here is financial information for Vaughn Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings Assets Current assets Plant assets (net) Total assets Liabilities Current liabilities Long-term liabilities Total liabilities Stockholders' Equity Common stock, $1 par December 31, 2022 $124,600 Retained earnings Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) Total stockholders' equity Total liabilities and stockholders' equity 395,010 eTextbook and Media 88,111 135,198 166,838 129,463 2022 $124,600 395,010 $88,111 135,198 223,309 166,838 129,463 December 31, 2021 $100,000 296,301 $519,610 330,000 73,000 87,000 2021 $519,610 $430,000 119,000 151,000 VAUGHN INC. Condensed Balance Sheets December 31…
The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable. Net fixed assets* Long-term debt Notes payable Dividends paid Cash and marketable securities 2021 $ 4,100 1,700 470 270 520 240 340 320 350 4,800 2,400 687 380 760 Net working capital 2022 $ 4,200 1,800 490 335 570 240 360 355 395 * Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. 5,540 2,860 540 380 480 What was the change in net working capital during the year? Note: Enter your answer in thousands of dollars. by
The balance sheet data of Flounder Company at the end of 2020 and 2019 are shown below. Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings (a) (b) (c) Net Cash Net Cash 2020 $29,800 55,100 65,400 15,200 89,200 (17,840) 70,700 $307,560 Net Cash $65,500 15,100 -0- 30,000 188,100 8.860 $307,560 ✓by operating activities Land was acquired for $30,300 in exchange for common stock, par $30,300, during the year, all equipment purchased was for cash. Equipment costing $12.900 was sold for $3,000, book value of the equipment was $6,100 Cash dividends of $10,000 were declare and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign eg-12.000 or in parenthesis es (12.00 V by investing activities 2019 $34,800 44,800 ✓by financing activities 45,100 25,100 74,200…
2. Prepare the investing activities section of the statement of cash flows for Laporte Inc. for the year ended December 31, 2020. (Negative answers should be indicated by a minus sign. Enter your answers in millions.) LAPORTE INC. Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash flows from investing activities: Purchase of equipment Sale of equipment Sale of long-term investment Net cash flow from investing activities $ (37)
Required information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals View transaction list Journal entry worksheet