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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 BETHESDA MINING COMPANY Balance
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. 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 $ 63,014 $ 79,447 Accounts payable 64,781 85,139 Notes payable 117,852 182,862 $ 187,422 $ 195,111 82,520 134,088 Inventory Total $269,942 $ 329,199 Total $ 245,647 $ 347,448 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 Net plant and equipment $658,647 $589,928 Total $ 402,352 $ 439,427 Total assets $904,294 $ 937,376 Total liabilities and owners' equity $904,294 $ 937,376 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.) Profit margin % Total asset turnover times times Equity multiplier Return on equity %
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