Question: 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 Accounts receivable 65,281 85,639 Notes payable $186,922 $194,611 82,020 133,588 Inventory Total 116,676 181,549 Total $247,427 $349,675 Long-term debt Owners' equity Common stock and paid-in surplus $224,000 $224,000 $268,942 $328,199 $231,000 $167,750 Fixed assets Accumulated retained earnings Net plant and equipment $658,747 $589,978 Total Total assets 182,232 219,704 $406,232 $443,704 $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.
Question: 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 Accounts receivable 65,281 85,639 Notes payable $186,922 $194,611 82,020 133,588 Inventory Total 116,676 181,549 Total $247,427 $349,675 Long-term debt Owners' equity Common stock and paid-in surplus $224,000 $224,000 $268,942 $328,199 $231,000 $167,750 Fixed assets Accumulated retained earnings Net plant and equipment $658,747 $589,978 Total Total assets 182,232 219,704 $406,232 $443,704 $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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question:
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
Accounts receivable
65,281 85,639
Notes payable
$186,922 $194,611
82,020 133,588
Inventory
Total
116,676 181,549 Total
$247,427 $349,675 Long-term debt
Owners' equity
Common stock and paid-in surplus $224,000 $224,000
$268,942 $328,199
$231,000 $167,750
Fixed assets
Accumulated retained earnings
Net plant and equipment $658,747 $589,978 Total
Total assets
182,232 219,704
$406,232 $443,704
$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.
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