Problem 3-17 DuPont Identity [LO 3]

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 Cash Accounts receivablie Inventory Current iablities 80,639 Notes payable $ 228732 326,509 Long-term debt $ 40,010 S 51,181 Accounts payable 191,922 $ 199,611 60,281 128,441 87,020 138,588 78,642 358100 S 241,000 S 177,750 94,689 Total Total Owners equity $ 214,000 214,000 Common stock and paid-in surplus Accumulated retained earnings Fixed assets 86,038 $ 366,537 400,038 $ 886,479 $ 915,987 52,537 Net plant and equipment Total assets 657.747 886,479 $ 915.987 589,478 tal Total iabilities and owners' equity Suppose that the Bethesda Mining Company had sales of $2.216,873 and net inodme of $103,381 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 prot Profit margin Total asset turnover Equity multiplier Retum on equity times References Book & Resources