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Study Mode: Chapter 3 Graded Homework 5 2019. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets 10
Study Mode: Chapter 3 Graded Homework 5 2019. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets 10 points eBook Print References Saved BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Liabilities and Owners' Equity $70,322 $ 88,509 66,281 86,639 Current liabilities Accounts payable Notes payable $185,922 $ 193,611 81,020 132,588 114,322 178,920 Total $266,942 $ 326,199 $250,925 $354,068 Long-term debt $229,000 $ 165,750 Owners' equity Common stock and paid-in surplus $226,000 $226,000 Accumulated retained earnings 187,930 226,197 $658,947 $590,078 Total $413,930 $ 452,197 $909,872 $944,146 Total liabilities and owners' equity $909,872 $944,146 Study Mode: Chapter 3 Graded Homework i INCL plant anu 5 10 points eBook Print References Saved $658,947 $590,078 Total $413,930 $ 452,197 $909,872 $944,146 Total liabilities and owners' equity $909,872 $ 944,146 equipment Total assets Suppose that the Bethesda Mining Company had sales of $2,336,873 and net income of $91,381 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.) Profit margin % times Total asset turnover times Equity multiplier Return on equity %
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