Answer:
Bethesda Mining
Common-size Balance Sheets for as at
2018 2019
% %
Assets
Current Assets
Cash 5.91 7.23
Accounts Receivable 7.00 8.96
Inventory 13.67 20.27
Total 26.58 36.46
Fixed Assets
Net Plant and Equipment 73.41 63.54
Total Assets 100.00 100.00
Liabilities and Owners` Equity
Current Liabilities
Accounts Payable 21.13 21.23
Notes Payable 9.43 14.66
Total 30.55 35.90
Long term debt 26.32 18.61
Owners` Equity
Common Stock and Paid in surplus 24.43 23.60
Accumulated Retained Earnings 18.70 21.89
Total 43.12 45.48
Total Liabilities and Owners` Equity 100.00 100.00
Explanation:
Hi, I have attached the full question as an image below.
In a Common Size Statement of Financial Position, each item is expressed as a percentage of Total Assets.
So, the first step is to determine the Total Assets for the Period you want work with. Next, express each item as a percentage of the Total Sales
