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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
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).)
Find:
Profit margin %
Total asset turnover times
Equity multiplier times
Return on equity %
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 $ 21,396 $ 24,385 Accounts payable $214,414 $192,480 Cash Accounts receivable Inventory 51,552 121,807 58,318 143,615 Notes payable 99,022 134,508 $313,436 $326,988 $ 271,700 $ 285,300 Common stock and paid-in surplus $ 200,000 $ 200,000 Total Total $194,755 $ 226,318 Long-term debt Owners' equity Accumulated retained earnings 132,481 171,358 $332,481 371,358 $917,617 $983,646 Fixed assets Net plant and equipment $ 722,862 $ 757,328 Total lotal assets $917,617 $ 983,646 Total liabilities and owners' equityStep by Step Solution
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