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29.07.2020 • 
Business

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Prepare the 2018 and 2019 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, 2018 and 2019
2018 2019
Assets
Current assets
Cash $55,526 % $70,205 %
Accounts receivable 63,281 % 83,639 %
Inventory 121,382 % 186,805 %
Total $240,189 % $340,649 %
Fixed assets
Net plant and
equipment $658,347 % $589,778 %
Total assets $898,536 % $930,427 %
Liabilities and Owners’ Equity
Current liabilities
Accounts payable $188,922 % $196,611 %
Notes payable 84,020 % 135,588 %
Total $272,942 % $332,199 %
Long-term debt $235,000 % $171,750 %
Owners' equity
Common stock and
paid-in surplus $220,000 % $220,000 %
Accumulated
retained earnings 170,594 % 206,478 %
Total $390,594 % $426,478 %
Total liabilities and
owners' equity $898,536 % $930,427 %

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