Suppose that the Bethesda Mining Company had sales of $2,751,332 and net income of $86,432 for the
Question:
Suppose that the Bethesda Mining Company had sales of $2,751,332 and net income of $86,432 for the year ending December 31, 2022. Calculate the DuPont identity.
Transcribed Image Text:
Current assets Cash Accounts receivable Inventory Total Assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 $ 27,536 $ 31,383 66,346 77,916 185,533 $ 294,832 156,765 $ 250,647 2022 Fixed assets Net plant and equipment $ 853,518 Total assets $ 950,097 $1,104,165 $1,244,929 Current liabilities 2021 Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 198,119 91,496 $ 289,615 $ 345,000 $ 175,000 294,550 $469,550 $1,104,165 2022 $ 209,844 104,992 $ 314,836 $365,000 $183,000 382,093 $565,093 $1,244,929
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
Using the DuPont identity to calculate ROE we ...View the full answer
Answered By
John Aketch
I am a dedicated person with high degree of professionalism, particularly in academic writing. My desire is to is to make students excel in their academic endeavor.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
Suppose that the Bethesda Mining Company had sales of $2,945,376 and net income of $89,351 for the year ending December 31, 2016. Calculate the DuPont identity. Bethesda Mining Company reports the...
-
Suppose that the Bethesda Mining Company had sales of $2,156,873 and net income of $109,381 for the year ending December 31, 2010. Calculate the Du Pont identity. BETHESDA MINING COMPANY Balance...
-
Suppose that the Bethesda Mining Company had sales of $2,751,332 and net income of $86,432 for the year ending December 31, 2019. Calculate the DuPont identity. Bethesda Mining Company reports the...
-
For problems involving composite bodies composed of two or more materials, the elasticity solution requires both boundary conditions and interface conditions between each material system. The...
-
Absent from school: Following are the total numbers of absences on each day of the week for the academic year 2008 2009 at a Montana elementary school. Test the null hypothesis that absences are...
-
How does the use of recurrent symbols contribute to the establishment of cohesive thematic threads throughout a body of work ?
-
Define subject matter, personal (in personam), and in rem jurisdiction in the divorce context and indicate how each is acquired by a court.
-
Brady is hired in 2015 to be the accountant for Anderson Manufacturing, a private company. At the end of 2015, the balance of Accounts Receivable is $29,000. In the past, Anderson has used only the...
-
Reliability and validity are cornerstone concepts in quantitative research, while credibility plays a similar foundational role in qualitative research. Understanding these concepts helps to assess...
-
Selected year-end financial statements of Overton Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2012, were inventory, $17,400; total assets, $94,900;...
-
a. What is the cash flow identity? Explain what it says. b. What are the components of operating cash flow? c. Why is interest paid not a component of operating cash flow?
-
You can develop your personal finance skills by conducting an Internet search for related articles. Find a recent online article about personal finance that reinforces one or more concepts covered in...
-
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. Conditions precedent are required acts that must be performed before title passes.
-
Find the maturity value of the given loan amount. Use 360 days per year for your calculation. Give your answer to two decimal places. $1220 borrowed at 5% for 90 days.
-
What are the nuanced strategies for fostering empowerment amidst multifaceted organizational structures?
-
The logical fallacy that has affect me in my past and my plan to correct this issue is the informal fallacies. This fallacy has led me to started arguments or have debates with many of my friends in...
-
Provide a brief but clear explanation 1)The rapid expansion of middle class is likely to aid not only the growth of the Asian economy but also the global economy. 2)Real effective exchange rate and...
-
Why is Cadre so concerned (more so than the typical real estate investment firm) about selecting profitable deals? How quickly do you think Cadre should launch their secondary market? Why? How...
-
Your empty hand is not hurt when it bangs lightly against a wall. Why does it hurt if you're carrying a heavy load? Which of Newton's laws is most applicable here?
-
What are technical skills At what level are they most important and why?
-
Annuity Period As you increase the length of time involved, what happens to the present value of an annuity? What happens to the future value?
-
Annuity Period As you increase the length of time involved, what happens to the present value of an annuity? What happens to the future value?
-
Annuity Period As you increase the length of time involved, what happens to the present value of an annuity? What happens to the future value?
-
Q2) A piston-cylinder device contains 0.05 m of a gas initially at 200 kPa. At this state, a linear spring that has a spring constant of k-180 kN/m is touching the piston but exerting no force on it....
-
1. The 28 cm long link BC has a rectangular cross-section 25 mm x 6 mm. It is made of a material with an elastic modulus of 120 GPa and an allowable normal stress of 80 MPa and is attached to member...
-
The block B is suspended from a single inextensible cable that is attached to the block at E, wraps around three pulleys, and is tied to the back of a truck. The truck starts from rest when L is...
Study smarter with the SolutionInn App