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Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. Suppose that the Bethesda Mining Company had sales of $2,216,873 and net
Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. Suppose that the Bethesda Mining Company had sales of $2,216,873 and net income of $103,381 for the year ending December 31, 2014. Required: Calculate ROE using the Du Pont identity. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16). Enter the profit margin and return on equity as percents.)
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