Question

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	$	55,526			%		$	70,205			%	Accounts payable	$	188,922			%		$	196,611			%
Accounts receivable		63,281			%			83,639			%	Notes payable		84,020			%			135,588			%
Inventory		121,382			%			186,805			%	Total	$	272,942			%		$	332,199			%
Total	$	240,189			%		$	340,649			%	Long-term debt	$	235,000			%		$	171,750			%
												Owners’ equity
												Common stock and paid-in surplus	$	220,000			%		$	220,000			%
Fixed assets												Accumulated retained earnings		170,594			%			206,478			%
Net plant and equipment	$	658,347			%		$	589,778			%	Total	$	390,594			%		$	426,478			%
Total assets	$	898,536			%		$	930,427			%	Total liabilities and owners’ equity	$	898,536			%		$	930,427			%

Answer 1

common size balance sheet in this balance sheet we also show balance in terms of percentage
asset in percentage of total asset value
laibilities and common stock in percentage of total laibilities and owner equity amount

Balance Sheets as of December 31, 2015 and 2016
	2015						2016						2015						2016
Assets												Liabilities and Owners’ Equity
Current assets				item/total asset						item/total asset		Current liabilities						(item/ total laibilities and owners equity)
Cash	$	55,526	6.18%	(55526/898536)	%		$	70,205	7.55%	70205/930427	%	Accounts payable	$	188,922		21.03%	%	188922/898536	$	196,611		21.13%	%
Accounts receivable		63,281	7.04%		%			83,639	8.99%		%	Notes payable		84,020		9.35%	%	84020/898536		135,588		14.57%	%
Inventory		121,382	13.51%		%			186,805	20.08%		%	Total	$	272,942		30.38%	%		$	332,199		35.70%	%
Total	$	240,189	26.73%		%		$	340,649	36.61%		%	Long-term debt	$	235,000		26.15%	%		$	171,750		18.46%	%
												Owners’ equity
												Common stock and paid-in surplus	$	220,000		24.48%	%		$	220,000		23.65%	%
Fixed assets												Accumulated retained earnings		170,594		18.99%	%			206,478		22.19%	%
Net plant and equipment	$	658,347	73.27%		%		$	589,778	63.39%		%	Total	$	390,594		43.47%	%		$	426,478		45.84%	%
Total assets	$	898,536	100.00%		%		$	930,427	100.00%	total of all accounts	%	Total liabilities and owners’ equity	$	898,536		100.00%	%		$	930,427		100.00%