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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. |
BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 | |||||||||||||
2018 | 2019 | 2018 | 2019 | ||||||||||
Assets | Liabilities and Owners Equity | ||||||||||||
Current assets | Current liabilities | ||||||||||||
Cash | $ | 63,014 | $ | 79,447 | Accounts payable | $ | 187,422 | $ | 195,111 | ||||
Accounts receivable | 64,781 | 85,139 | Notes payable | 82,520 | 134,088 | ||||||||
Inventory | 117,852 | 182,862 |
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| Total | $ | 269,942 | $ | 329,199 | |||
Total | $ | 245,647 | $ | 347,448 |
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| Long-term debt | $ | 232,000 | $ | 168,750 | |||
Owners equity | |||||||||||||
Common stock and paid-in surplus | $ | 223,000 | $ | 223,000 | |||||||||
Accumulated retained earnings | 179,352 | 216,427 | |||||||||||
Fixed assets |
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Net plant and equipment | $ | 658,647 | $ | 589,928 | Total | $ | 402,352 | $ | 439,427 | ||||
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Total assets | $ | 904,294 | $ | 937,376 | Total liabilities and owners equity | $ | 904,294 | $ | 937,376 | ||||
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Suppose that the Bethesda Mining Company had sales of $2,306,873 and net income of $94,381 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.)
Find:
Profit Margin %
Total asset turnover times
Equity Multiplier times
Return on equity %
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