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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 2018 2019 Assets Current assets Cash Accounts receivable BETHESDA MINING COMPANY Balance
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 2018 2019 Assets Current assets Cash Accounts receivable BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 26,530 $ 34,778 Accounts payable 57,781 78,139 Notes payable 134,324 201,260 $ 194,422 $ 202,111 89,520 141,088 Inventory Total $283,942 $ 343,199 Total $ 218,635 $ 314,177 Long-term debt $246,000 $ 182,750 Owners' equity Common stock and paid-in surplus $209,000 $209,000 Accumulated retained earnings 136,940 168,456 Fixed assets Net plant and equipment $ 657,247 $589,228 Total $345,940 $ 377,456 Total assets $875,882 $903,405 Total liabilities and owners' equity $875,882 $903,405 Suppose that the Bethesda Mining Company had sales of $2,166,873 and net income of $108,381 for the year ending December 31, 2019. Calculate ROE using the DuPont identity. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin and return on equity as a percent.) % times Profit margin Total asset turnover Equity multiplier Return on equity times %
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