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 $ 29,266 % $ 38,098 % Accounts payable $ 193,922 % $ 201,611 %
Accounts receivable 58,281 % 78,639 % Notes payable 89,020 % 140,588 %
Inventory 133,148 % 199,946 % Total $ 282,942 % $ 342,199 %
Total $ 220,695 % $ 316,683 % Long-term debt $ 245,000 % $ 181,750 %
Owners’ equity
Common stock and paid-in surplus $ 210,000 % $ 210,000 %
Fixed assets Accumulated retained earnings 140,100 % 172,012 %
Net plant and equipment $ 657,347 % $ 589,278 % Total $ 350,100 % $ 382,012 %
Total assets $ 878,042 % $ 905,961 % Total liabilities and owners’ equity $ 878,042 % $ 905,961 %