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Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant

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Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 2013 2014 Profit margin Total asset $ 55,526 $70,205 63,281 83,639 121,382 186,805 $ 240,189 $340,649 turnover Equity multiplier Return on equity $658,347 $589,778 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 % times times % Total 2013 Suppose that the Bethesda Mining Company had sales of $2,276,873 and net income of $97,381 for the year ending December 31, 2014. $ 188,922 $ 196,611 84,020 135,588 $272,942 $ 332,199 $235,000 $ 171,750 $220,000 $220,000 170,594 206,478 Required: Calculate ROE using the Du Pont identity. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16). Enter the profit margin and return on equity as percents.) 2014 $390,594 $426,478 $898,536 $930,427 Total liabilities and owners' equity $898,536 $930,427

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