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Calculate ROE using the DuPont identity. Problem 3-17 DuPont Identity (LO 3) 1 Bethesda Mining Company reports the following balance sheet information for 2018 and
Calculate ROE using the DuPont identity.
Problem 3-17 DuPont Identity (LO 3) 1 Bethesda Mining Company reports the following balance sheet information for 2018 and 2019 2018 2019 eBook Assets Current assets Cash Accounts receivable Inventory BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Llabllities and Owners' Equity Current liabilities $ 40,010 $ 51,181 Accounts payable 60,281 80,639 Notes payable 128.441 194,689 $ 191,922 $ 199,611 87,020 138,588 Total $278,942 $ 338,199 Total $228,732 $326,509 Long-term debt $ 241,000 $ 177750 Owners' equity Common stock and paid-in surplus $ 214,000 $ 214,000 Accumulated retained earnings 152,537 186,038 Fixed assets Net plant and equipment $ 657,747 $ 589,478 Total $366.537 $400,038 Total assets $886.479 S 915,987 Total abilities and owners' equity $886,479 $ 915,987 Suppose that the Bethesda Mining Company nad sales of $2.215,873 und necome of 5103,381 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, c.9. 32.16. Enter the profit margin and return on equity as a percent.) TIT Profit marga Total assoflurnover Equity multor Return on equly Total assets $886,479 $ 915,987 Total liabilities and owners' equity $886,479 Suppose that the Bethesda Mining Company had sales of $2,216,873 and nelcome of $103,381 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 % Step by Step Solution
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