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2015 2016 Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015
2015 2016 Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 37,354 $ 47,940 Accounts payable Accounts receivable 59,781 80,139 Notes payable Inventory 129,618 196,004 Total Total $ 226,753 $ 324,083 Long-term debt Owners' equity Common stock and paid-in surplus Fixed assets Accumulated retained earnings Net plant and equipment $ 657,647 $ 589,428 Total Total assets $ 884,400 $ 913,511 Total liabilities and owners' equity $ 192,422 87,520 $ 279,942 $ 242,000 $ 213,000 149.458 $ 362,458 $ 884,400 $ 200,111 139,088 $ 339,199 $ 178,750 $213.000 182.562 $ 395,562 $ 913,511 Suppose that the Bethesda Mining Company had sale of $2,206,873 and net income of $104,381 for the year ending December 31, 2016. Calculate ROE using the DuPont identity. (Do not round Intermediate calculations and round your answers to 2 decimal places, ... 32.16. Ente return on equity as a percent.) Profit margin Total asset turnover Equity multiplier Return on equity 4.73 2.4549 2.37 27.46 % times times % References eBook & Resources Worksheet Leaming Objective: 03-03 Assess the
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