Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal F Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 37,354 59,781 129,618 226,753 657,647 884,400 192,422 87,520 279,942 242,000 213,000 149,458 362,458 884,400 < Prev PILINDAMY $ % % % % $ 47,940 80,139 196,004 324,083 HOULURE % $ 589,428 % $ 913,511 % $ % % $ % $ 15 of 21 % $ % % $ $ % 2022 www a www 200,111 139,088 339,199 178,750 213,000 182,562 395,562 913,511 Score.answer > % % % % % % % % % % % % % % %

Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal F Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 37,354 59,781 129,618 226,753 657,647 884,400 192,422 87,520 279,942 242,000 213,000 149,458 362,458 884,400 < Prev PILINDAMY $ % % % % $ 47,940 80,139 196,004 324,083 HOULURE % $ 589,428 % $ 913,511 % $ % % $ % $ 15 of 21 % $ % % $ $ % 2022 www a www 200,111 139,088 339,199 178,750 213,000 182,562 395,562 913,511 Score.answer > % % % % % % % % % % % % % % %

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 7E

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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Assets Net plant and equipment Total assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 55,526 63,281 121,382 240,189 658,347 898,536 188,922 84,020 272,942 235,000 220,000 170,594 390,594 898,536 % $ % % % $ % $ % $ % % % $ % $ $ % $ % % % 2022 LA LA 70,205 83,639 186,805 340,649 589,778 930,427. 196,611 135,588 332,199 171,750 220,000 206,478 $ 426,478 $…
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Assets Net plant and equipment Total assets Current liabilities Liabilities and Owners' Equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 113,146 $ 252,645 $ $ $ 69 72,718 66,781 $ 185,422 80,520 $ 265,942 $ 228,000 $ $ 659,047 911,692 227,000 190,750 417,750 911,692 % $ % % % $ % $ % % $ % $ % 590,128 $ % $ 946,363 69 % $ % % $ % $ 2022 69 91,489 87,139 177,607 356,235 193,111 132,088 325,199 164,750 227,000 229,414 456,414…
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: 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, 2021 and 2022 2021 % Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 58,042 63,781 120,205 $ 242,028 $ 658,447 $ 900,475 $ 188,422 83,520 $ 271,942 $ 234,000 $ 221,000 173,533 $ 394,533 $ 900,475 2022 % $ 73,306 84,139 % % 185,490 %$ 342,935 %$589,828 % $932,763 % $ 196,111 % 135,088 %$ 331,199 % $ 170,750 % $221,000 % 209,814 % $430,814 %$ 932,763 % % % % % de…
Prepare the income statements and balance sheets for years 2018 and 2019 for Thompson Company using the following information. The balance sheet numbers are at the end of year figures.Item20182019Accounts Payable120.0150.0Accounts Receivable150.0180.0Accumulated Depreciation330.0360.0Cash & Cash Equivalents10.012.0Common Stock150.0200.0Cost of Goods Sold750.0850.0Depreciation25.030.0Interest Expense30.033.0Inventory200.0180.0Long-term Debt150.0150.0Gross Plant & Equipment650.0780.0Retained Earnings208.5225.0Sales1,500.01,700.0SG&A Expenses500.0570.0Notes Payable51.567.0Tax Rate21%21%(2) Answer the following questions:(a) How much did Thompson Company spend in acquiring fixed assets in 2019?(b) How much dividend did Thompson Company pay out during 2019?(c) Using the end of year numbers, did the long-term solvency ratios improve or deteriorate from 2018 to 2019? Answer this question using at least two long-term solvency ratios.(d) Using the end of year numbers, did the asset…
Following are the current asset and current liability sections of the balance sheets for Freedom Inc. at January 31, 2020 and 2019 (in millions): Current Assets Cash Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities January 31, 2020 Working capital Current ratio 6 EL EL $ 21 $ 15 January 31, 2019 01/31/2020 01/31/2019 9 18 $ 25 Required: a. Calculate the working capital and current ratio at each balance sheet date. (Enter "Working capital" in millions of dollars (1.e.. 10,000,000 should be entered as 10). Round your "Current ratio" to 2 decimal places.) $12 b. Evaluate the firm's liquidity at each balance sheet date. Based on the working capital and current ratio measures, the firm has become more liquid over the 2-year period. O Based on the working capital and current ratio measures, the firm has become less liquid over the 2-year period. c. Assume that the firm operated at a loss…
The following information relates to the activities of Goalie Plc: Statement of financial position as at 30 April 2019 $'000 2020 $'000 Non-current assets Freehold land, cost Plant and equipment 2,100 2,340 990 3,090 1,092 3,432 Current assets Inventory 1,068 1,494 Receivables 990 912 Bank 90 2,148 5,238 2,406 5,838 Total assets Equity and liabilities Equity 2,808 3,750 Non-current liabilities: 6% debentures 1,350 750 Current liabilities Payables 720 690 Bank overdraft 378 Corporation tax 360 270 1,080 1,338 2,088 Total liabilities 2,430 Equity and liabilities 5,238 5,838 Income statement for the year ended 30 April 2020: $'00 13,560 (10,260) 3,300 Sales Cost of sales Gross profit Expenses (2,298) 1,002 Profit before tax Таx (450) Profit after tax 552
Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ LA $ $ EA $ GA $ EA 40,010 60,281 128,441 228,732 GA 657,747 886,479 191,922 87,020 278,942 241,000 $ 214,000 152,537 $ 366,537 886,479 Saved * % $ % % % ote ote % $ % ote ote ote o % $ $ % GA % % GA SA % $ 199,611 % 138,588 % 338, 199 % 177,750 $ $ $ 2022 $ 51,181 80,639 194,689 326,509 SA SA 589,478 915,987 214,000 186,038 400,038 $ 915,987 % % % % % % % % % 1% % dº 60 dº 60 %…
Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIESComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands) 2021 2020 Assets Cash $ 580 $ 375 Accounts receivable 600 450 Inventory 900 525 Land 675 600 Building 900 900 Less: Accumulated depreciation (300 ) (270 ) Equipment 2,850 2,250 Less: Accumulated depreciation (525 ) (480 ) Patent 1,200 1,500 $ 6,880 $ 5,850 Liabilities Accounts payable $ 750 $ 450 Accrued liabilities 300 225 Lease liability—land 130 0 Shareholders' Equity Common stock 3,150 3,000 Paid-in capital—excess of par 750 675…
Bethesda Mining Company reports the following balance sheet information. Prepare the 2021 and 2022 common-size balance sheets for the company. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places
The following information relates to the draft financial statements of Jabo, Ltd: SUMMARISED STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2021 2020 К000 К000 ASSETS Non-current assets 32,600 24,100 Property, plant and equipment Financial asset: equity investments 4,500 7,000 Current assets Inventories 10,200 7,200 Trade receivables 3,500 3,700 nil 1,400 Cash and cash equivalents Total assets 50,800 43,400 EQUITY AND LIABILITIES Equity 14,000 8,000 nil Equity shares of K1 each Share premium Revaluation reserve Retained earnings 2,000 2,000 3,600 13,000 10,100 29,000 23,700 Non-current liabilities Lease liability 7,000 6,900 Deferred tax 1,300 900 Current liabilities: Tax 1,000 1,200 Bank overdraft 2,900 nil Provision for product warranties 1,600 4,000 Lease liability 4,800 2,100 Trade payables 3,200 4,600 Total equity and liabilities 50,800 SUMMARISED STATEMENTS OF PROFIT OR LOSS FOR THE YEARS ENDED 30 SEPTEMBER: 2021 2020 К000 K000 Revenue 58,500 41,000 Cost of sales (46,500)…
Following are the current asset and current liability sections of the balance sheets for Freedom Incorporated at January 31, 2023 and 2022 (in millions): Current Assets Cash Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities Req A January 31, 2023 $12 8 7 $ 27 Req B and C Working capital Current ratio 4 3 $ 11 January 31, 2022 Required: a. Calculate the working capital and current ratio at each balance sheet date. b. Evaluate the firm's liquidity at each balance sheet date. c. Assume that the firm operated at a loss during the year ended January 31, 2023. How could cash have increased during the year? $ 9 11 11 $ 31 Complete this question by entering your answers in the tabs below. 1 3 01/31/2023 01/31/2022 $8 Calculate the working capital and current ratio at each balance sheet date. Note: Enter "Working capital" in millions of dollars (i.e., 10,000,000 should be entered as 10).…
Additional information from the accounting records a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2024. b. During 2024, equipment with a cost of $270,000 (90% depreciated) was sold. c. The statement of shareholders equity reveals reductions of $170,000 and $425,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign. METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2024 ($ in 000s) Cash flows from operating activities Net income Adjustments for noncash effects Changes in operating assets and liabilities Net cash flows from operating activities Cash flows from investing activities $