Bethesda Mining Company reports the following balance sheet information for 2009 and 2010. Required: Prepare the 2009 and 2010 common-size balance sheets for Bethesda Mining. (Do not include the percent signs (%). Round your answers to 2 decimal places (e.g., 32.16).) BETHESDA MINING COMPANY Balance Sheets as of December 31, 2009 and 2010 2009 2010 2009 2010 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 40,010 % $ 51,181 % Accounts payable $ 191,922 % $ 199,611 % Accounts receivable 60,281 % 80,639 % Notes payable 87,020 % 138,588 % Inventory 128,441 % 194,689 % Total $ 278,942 % $ 338,199 % Total $ 228,732 % $ 326,509 % Long-term debt 241,000 % 177,750 % Owners’ equity Common stock and paid-in surplus $ 214,000 % $ 214,000 % Accumulated retained earnings 152,537 % 186,038 % Fixed assets Net plant and equipment $ 657,747 % $ 589,478 % Total $ 366,537 % $ 400,038 % Total assets $ 886,479 % $ 915,987 % Total liabilities and owners’ equity $ 886,479 % $ 915,987 %

Bethesda Mining Company reports the following balance sheet information for 2009 and 2010.

 

Required:

Prepare the 2009 and 2010 common-size balance sheets for Bethesda Mining. (Do not include the percent signs (%). Round your answers to 2 decimal places (e.g., 32.16).)

 

BETHESDA MINING COMPANY Balance Sheets as of December 31, 2009 and 2010
	2009					2010						2009					2010
Assets											Liabilities and Owners’  Equity
Current assets											Current liabilities
Cash	$	40,010			%	$	51,181			%	Accounts payable	$	191,922			%	$	199,611			%
Accounts receivable		60,281			%		80,639			%	Notes payable		87,020			%		138,588			%
Inventory		128,441			%		194,689			%
											Total	$	278,942			%	$	338,199			%
Total	$	228,732			%	$	326,509			%
											Long-term debt		241,000			%		177,750			%
											Owners’ equity
											Common stock and paid-in surplus	$	214,000			%	$	214,000			%
											Accumulated retained earnings		152,537			%		186,038			%
Fixed assets
Net plant and equipment	$	657,747			%	$	589,478			%	Total	$	366,537			%	$	400,038			%
Total assets	$	886,479			%	$	915,987			%	Total liabilities and owners’ equity	$	886,479			%	$	915,987			%