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Brief Exercise 4-17 (Static) Profitability ratios (L04-10] The 2021 income statement for Anderson TV and...

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Brief Exercise 4-17 (Static) Profitability ratios (L04-10] The 2021 income statement for Anderson TV and Appliance reported net sales of $420,000 and net income of $65,000. Average total assets for 2021 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. Show the DuPont framework's calculation of the three components of the 2021 return on equity for Anderson TV and Appliance. Choose Numerator: Profit Margin (%) I Choose Denominator: = Profit Margin = Profit Margin = Choose Numerator: I Choose Denominator: Asset Turnover = Asset turnover = Asset turnover times Choose Numerator: I Choose Denominator: I Equity multiplier = Equity multiplier = Equity multiplier times Return on equity

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