Database Systems is considering expanding into a new product line.The assets to support the expansion will cost
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Question:
Database Systems is considering expanding into a new product line. The assets to support the expansion will cost $890,000. It is estimated that Database can generate $1,860,000 in annual sales, with a profit margin of 13 percent. |
What would be the net income and return on assets (investment) for the year? (Enter your return on assets answer as a percentage rounded to 2 decimal places.) |
Net Income | ps | |
return on assets | % | |
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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