The 2021 income statement for anderson tv and appliance reported net sales of $260,000 and net income of $75,000. average total assets for 2021 was $500,000. shareholders’ equity at the beginning of the year was $400,000 and $30,000 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 equity for 2021

profit maring: 28.84%

ROA 15%

ROE 17.75%

Explanation:

profit margin:

75,000 / 260,00 = 0,28846 = 28.84%

return on assets ROA

75,000 / 500,000 = 0.15

return on equity: ROE

average equity:

ending= beginning + income - dividends

400,000 + 75,000 - 30,000 = 445,000

(400,000 + 445,000) / 2  = 422,500

75,000 / 422,500 = 0,17751 = 17.75%

i would say a penny hope it you

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%