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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 $ 70,322 $ 88,509 Accounts payable 66,281 86,639 Notes payable 114,322 178,920 $ 185,922 $ 193,611 81,020 132,588 Total $266,942 $ 326,199 Total $250,925 $354,068 Long-term debt $229,000 $ 165,750 Owners' equity Common stock and paid-in surplus $226,000 $226,000 Accumulated retained earnings 187,930 226,197 Fixed assets Net plant and equipment $658,947 $590,078 Total $ 413,930 $ 452,197 Total assets $909,872 $ 944,146 Total liabilities and owners' equity $909,872 $ 944,146 Suppose that the Bethesda Mining Company had sales of $2,336,873 and net income of $91,381 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 times %
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