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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Profit margin Total asset turnover $ 26,530 $ 34,778 57,781 78,139 134,324 201,260 Equity multiplier Return on equity $218,635 $ 314,177 $657,247 $589,228 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total 5.00 % 2.40 times 2.39 times 28.71 % Total Suppose that the Bethesda Mining Company had sales of $2,166,873 and net income of $108,381 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.) 2018 2019 Long-term debt Owners' equity Common stock and paid-in surplus $209,000 $209,000 Accumulated retained earnings 136,940 168,456 $ 194,422 $ 202,111 89,520 141,088 $283,942 $343,199 $875,882 $903,405 Total liabilities and owners' equity $875,882 $903,405 $246,000 $182,750 $345,940 $ 377,456

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Suppose that the Bethesda Mining Company had sales of $2,166.873 and net income of $108,381 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)

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