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Posted: April 17th, 2018
ACC – The 2013 income statement for Anderson TV
The 2013 income assertion for Anderson TV and Gear reported product sales earnings of $270,000 and net income of $60,000. Widespread complete belongings for 2013 was $750,000. Shareholdersâ equity initially of the yr was $450,000 and $10,000 was paid to shareholders as dividends. There have been no completely different shareholdersâ equity transactions that occurred all through the yr.Calculate the income margin on product sales, return on belongings, and return on shareholders’ equity for 2013.What could be the Widespread Shareholder’s Equity?
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