1. The 2021 income statement for Anderson TV and Appliance reported net sales of $250,000 and net income of $70,000. Average total assets for 2021 was $400,000. Shareholders equity at the beginning of the year was $300,000 and $10,000 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: Net income = Profit Margin (%) Profit Margin = Profit Margin 1 Choose Denominator: Net sales 1 0 Choose Numerator: Net sales I Choose Denominator: 1 Average total assets 1 Asset Turnover = Asset Turnover Asset turnover 0 times = Choose Numerator: Average total assets Equity Multiplier 1 Choose Denominator: Average shareholders' equity 1 Equity Multiplier Equity multiplier = 0 times Return on equity