Calculate roe using the dupont identity

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Reference no: EM131309915

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		%

Reference no: EM131309915

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