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The 2016 income statement for Anderson TV and Appliance reported sales revenue of $240,000 and net income of $50,000. Average total assets for 2016 was

The 2016 income statement for Anderson TV and Appliance reported sales revenue of $240,000 and net income of $50,000. Average total assets for 2016 was $1,000,000. Shareholders equity at the beginning of the year was $400,000 and $40,000 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 shareholders' equity for 2016.

I need:Profit Margin with numerator / denominator and PROFIT MARGIN

Return on Assets with numerator/ denominator and Return on Assets

Return on Shareholders Equity numerator/ denominator and Return on Shareholders Equity

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