Question: Problem 3-2 Profitability ratios (LO3-2] Database Systems is considering expansion into a new product line. Assets to support expansion will cost $740,000. It is estimated

Problem 3-2 Profitability ratios (LO3-2] Database Systems is considering expansion into

Problem 3-2 Profitability ratios (LO3-2] Database Systems is considering expansion into a new product line. Assets to support expansion will cost $740,000. It is estimated that Database can generate $1,910,000 in annual sales, with an 4 percent profit margin. What would net income and return on assets (investment) be for the year? (Input your return on assets answer as a percent rounded to 2 decimal places.) Net income Return on assets %

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