Solution-Calculate the profit margin on sales and return on

Calculate the profit margin on sales and return on assets

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Reference no: EM132599198

Question - The 2018 income statement for Anderson TV and Appliance reported sales revenue of $420,000 and net income of $65,000. Average total assets for 2018 was $800,000. Shareholders' equity at the beginning of the year was $500,000 and $20,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that occurred during the year. Calculate the profit margin on sales, return on assets, and return on shareholders' equity for 2018.

Reference no: EM132599198

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Calculate the profit margin on sales and return on assets

Reference no: EM132599198

Reference no: EM132599198

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