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  3. 034 the 2013 income statement for anderson tv and

034 The 2013 income statement for Anderson TV and Appliance reported sales revenue of $260,000...

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034 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. Required: Calculate the profit margin on sales, return on assets, and returm on shareholders' equity for 2013. Profit margin Return on assets Return on shareholders equity

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