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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Suppose that the Bethesda Mining Company had sales of $2,316,873 and net

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.

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Suppose that the Bethesda Mining Company had sales of $2,316,873 and net income of $93,381 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.)

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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 $ 65,470 $ 82,487 Accounts payable 65,281 85,639 Notes payable 116,676 181,549 $ 186,922 $ 194,611 82,020 133,588 Inventory Total $268,942 $ 328,199 Total $247,427 $349,675 Long-term debt $ 231,000 $ 167,750 Owners' equity Common stock and paid-in surplus $224,000 $224,000 Accumulated retained earnings 182,232 219,704 Fixed assets Net plant and equipment $658,747 $589,978 Total $406,232 $ 443,704 Total assets $906,174 $939,653 Total liabilities and owners' equity $ 906,174 $939,653 Profit margin % Total asset turnover times times Equity multiplier Return on equity % 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 $ 65,470 $ 82,487 Accounts payable 65,281 85,639 Notes payable 116,676 181,549 $ 186,922 $ 194,611 82,020 133,588 Inventory Total $268,942 $ 328,199 Total $247,427 $349,675 Long-term debt $ 231,000 $ 167,750 Owners' equity Common stock and paid-in surplus $224,000 $224,000 Accumulated retained earnings 182,232 219,704 Fixed assets Net plant and equipment $658,747 $589,978 Total $406,232 $ 443,704 Total assets $906,174 $939,653 Total liabilities and owners' equity $ 906,174 $939,653 Profit margin % Total asset turnover times times Equity multiplier Return on equity %

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