Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. ...
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Accounting
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 | ||||||||||||
Cash | $ | 21,396 | $ | 24,385 | Accounts payable | $ | 214,414 | $ | 192,480 | ||||
Accounts receivable | 51,552 | 58,318 | Notes payable | 99,022 | 134,508 | ||||||||
Inventory | 121,807 | 143,615 | |||||||||||
Total | $ | 313,436 | $ | 326,988 | |||||||||
Total | $ | 194,755 | $ | 226,318 | |||||||||
Long-term debt | $ | 271,700 | $ | 285,300 | |||||||||
Owners equity | |||||||||||||
Common stock and paid-in surplus | $ | 200,000 | $ | 200,000 | |||||||||
Accumulated retained earnings | 132,481 | 171,358 | |||||||||||
Fixed assets | |||||||||||||
Net plant and equipment | $ | 722,862 | $ | 757,328 | Total | $ | 332,481 | $ | 371,358 | ||||
Total assets | $ | 917,617 | $ | 983,646 | Total liabilities and owners equity | $ | 917,617 | $ | 983,646 | ||||
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).) |
Profit margin | % | |
Total asset turnover | times | |
Equity multiplier | times | |
Return on equity | % |
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