Suppose that the Bethesda Mining Company had sales of $2,751,332 and net income of $86,432 for the
Question:
Suppose that the Bethesda Mining Company had sales of $2,751,332 and net income of $86,432 for the year ending December 31, 2022. Calculate the DuPont identity.
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Current assets Cash Accounts receivable Inventory Total Assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 $ 27,536 $ 31,383 66,346 77,916 185,533 $ 294,832 156,765 $ 250,647 2022 Fixed assets Net plant and equipment $ 853,518 Total assets $ 950,097 $1,104,165 $1,244,929 Current liabilities 2021 Liabilities and Owners' Equity 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 198,119 91,496 $ 289,615 $ 345,000 $ 175,000 294,550 $469,550 $1,104,165 2022 $ 209,844 104,992 $ 314,836 $365,000 $183,000 382,093 $565,093 $1,244,929
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Related Book For
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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