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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. ...

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Finance

Bethesda Mining Company reports the following balance sheet information for 2021 and 2022.

BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2021 and 2022
Assets 2021 2022 Liabilities and Owners Equity 2021 2022
Current assets Current liabilities
Cash $ 50,434 $ 63,944 Accounts payable $ 189,922 $ 197,611
Accounts receivable 62,281 82,639 Notes payable 85,020 136,588
Inventory 123,735 189,433 Total $ 274,942 $ 334,199
Total $ 236,450 $ 336,016 Long-term debt $ 237,000 $ 173,750
Owners equity
Common stock and paid-in surplus $ 218,000 $ 218,000
Fixed assets Accumulated retained earnings 164,655 199,745
Net plant and equipment $ 658,147 $ 589,678 Total $ 382,655 $ 417,745
Total assets $ 894,597 $ 925,694 Total liabilities and owners equity $ 894,597 $ 925,694

Suppose that the Bethesda Mining Company had sales of $2,256,873 and net income of $99,381 for the year ending December 31, 2022. Calculate ROE using the DuPont identity.

Note: 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.

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