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BETHESDA MINING COMPANY - ROE - 25 Oct, 2019

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.

BETHESDA MINING COMPANY                                                                  

Balance Sheets as of December 31, 2018 and 2019                                           

                2018       2019                       2018       2019

 Assets                                  Liabilities and Owners’ Equity

  Current assets                                   Current liabilities           

    Cash  42,646   54,402        Accounts payable       191,422                 199,111

    Accounts receivable   60,781   81,139        Notes payable             86,520   138,088

    Inventory        127,265                 193,375                                                

      Total               230,692                 328,916                          Total            277,942                 337,199

                                                  Long-term debt              240,000                 176,750

                                                  Owners' equity              

                                                     Common stock and paid-in surplus     215,000                 215,000

                                                     Accumulated retained earnings            155,597                 189,495

  Fixed assets                                                                    

    Net plant and equipment         657,847                 589,528                            Total          370,597                 404,495

  Total assets      888,539                 918,444                   Total liabilities and owners' equity         888,539                 918,444

Suppose that the Bethesda Mining Company had sales of $2,226,873 and net income of $102,381 for the year ending December 31, 2019.

 

Calculate ROE using the DuPont identity.



Category : Financial Management

Search Keywords :
Bethesda , Mining , Roe , Dupont , Identity 


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Answer  - 25 Oct, 2019
Please see the excel attachment....


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