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Bethesda Mining Company reports the following balance sheet information for 2015 and 2016 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016
Bethesda Mining Company reports the following balance sheet information for 2015 and 2016 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory S 26,530 34.778 57.781 Accounts payable Notes payable S 194,422 202,111 141,088 78,139 89,520 S 283,942 343,199 $ 218,635 14 Longterm debt 314,177 S 246,000 182,750 S 209,000 209,000 S345,940 $ 377456 Total Owners' equity Common stock and paid-in surplus Accumulated retained earnings Fixed assets 36,940 Net plant and equipment Total assets $ 657 247 589.228 Total 875,882 S s 903,405 Total liablities and owners' equity S 875,882 903.405 Suppose that the Bethesda Mining Company had sales of $2,166,873 and net income of $108,381 for the year ending December 31, 2016. 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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