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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 $ 72,718 $ 91,489 Accounts payable 66,781 87,139 Notes payable 113146 177,607 $ 185,422 $ 193,111 80,520 132,088 Inventory Total $265.942 $325,199 Total $252,645 $356,235 Long-term debt $228,000 S 164.750 Owners' equity Common stock and paid-in surplus 5227.000 5227000 Accumulated retained earnings 190750 229.414 Fixed assets Net plant and equipment Total $ 417750 $ 456 414 $659,047 S 590,128 Total $252,645 $356,235 Long-term debt $228,000 $ 164750 Owners' equity Common stock and paid-in surplus $ 227,000 $227,000 Accumulated retained earnings 190,750 229,414 51 Fixed assets Net plant and equipment $659.047 $ 590,128 Total $ 417750 $ 456.414 Total assets S 911.692 $946,363 Total liabilities and owners equity S 911.692 $946.363 Suppose that the Bethesda Mining Company had sales of $2.346.873 and net income of 590.381 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.) Suppose that the Bethesda Mining Company had sales of $2,346.873 and net income of $90.381 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.) % times Profit margin Total asset turnover Equity multiplier Return on equity times %
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