Bethesda mining company reports the following balance sheet


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







Current liabilities







Cash $ 65,470

$ 82,487

Accounts payable $ 186,922

$ 194,611

Accounts receivable
65,281


85,639

Notes payable
82,020


133,588

Inventory
116,676


181,549

Total $ 268,942

$ 328,199

Total $ 247,427

$ 349,675

Long-term debt $ 231,000

$ 167,750










Owners' equity
















Common stock and paid-in surplus $ 224,000

$ 224,000

Fixed assets







Accumulated retained earnings
182,232


219,704

Net plant and equipment $ 658,747

$ 589,978

Total $ 406,232

$ 443,704

Total assets $ 906,174

$ 939,653

Total liabilities and owners' equity $ 906,174

$ 939,653


Suppose that the Bethesda Mining Company had sales of $2,316,873 and net income of $93,381 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 profit margin and return on equity as a percent.)

Profit margin
4.03 %
Total asset turnover
times
Equity multiplier
times
Return on equity
%

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Financial Management: Bethesda mining company reports the following balance sheet
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