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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 Inventory BETHESDA MINING COMPANY
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.
2018 2019 Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 58,042 $ 73,306 Accounts payable 63,781 84,139 Notes payable 120,205 185,490 $ 188,422 $ 196,111 83,520 135,088 Total $ 271,942 $ 331,199 Total $242,028 $342,935 Long-term debt $234,000 $ 170,750 Owners' equity Common stock and paid-in surplus $ 221,000 $221,000 Accumulated retained earnings 173,533 209,814 Fixed assets Net plant and equipment $658,447 $589,828 Total $394,533 $ 430,814 Total assets $900,475 $ 932,763 Total liabilities and owners' equity $900,475 $932,763 Suppose that the Bethesda Mining Company had sales of $2,286,873 and net income of $96,381 for the year ending December 31, 2019. Suppose that the Bethesda Mining Company had sales of $2,286,873 and net income of $96,381 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.) Profit margin Total asset turnover Equity multiplier Return on equity % times timesStep by Step Solution
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