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Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014
Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. |
BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 | |||||||||||||
2013 | 2014 | 2013 | 2014 | ||||||||||
Assets | Liabilities and Owners Equity | ||||||||||||
Current assets | Current liabilities | ||||||||||||
Cash | $ | 21,396 | $ | 24,385 | Accounts payable | $ | 214,414 | $ | 192,480 | ||||
Accounts receivable | 51,552 | 58,318 | Notes payable | 99,022 | 134,508 | ||||||||
Inventory | 121,807 | 143,615 | |||||||||||
Total | $ | 313,436 | $ | 326,988 | |||||||||
Total | $ | 194,755 | $ | 226,318 | |||||||||
Long-term debt | $ | 271,700 | $ | 285,300 | |||||||||
Owners equity | |||||||||||||
Common stock and paid-in surplus | $ | 200,000 | $ | 200,000 | |||||||||
Accumulated retained earnings | 132,481 | 171,358 | |||||||||||
Fixed assets | |||||||||||||
Net plant and equipment | $ | 722,862 | $ | 757,328 | Total | $ | 332,481 | $ | 371,358 | ||||
Total assets | $ | 917,617 | $ | 983,646 | Total liabilities and owners equity | $ | 917,617 | $ | 983,646 | ||||
Suppose that the Bethesda Mining Company had sales of $2,945,376 and net income of $89,351 for the year ending December 31, 2014. |
Required: |
Calculate the DuPont identity. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
Profit margin | % | |
Total asset turnover | times | |
Equity multiplier | times | |
Return on equity | % |
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