The 2013 income statement for anderson tv and appliance

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Reference no: EM13590174

The 2013 income statement for Anderson TV and Appliance reported sales revenue of $260,000 and net income of $95,000. Average total assets for 2013 was $650,000. Shareholders' equity at the beginning of the year was $350,000 and $40,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that occurred during the year.

Show the DuPont framework's calculation of the three components of the 2013 return on shareholders' equity for Anderson TV and Appliance (Do not round intermediate calculations. The expected format for rounding your final answers is presented in each row of the table.)

Reference no: EM13590174

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