Question: Watson Data Systems is considering expanding into a new product line. New assets to support expansion will cost $620.000. It is estimated that Watson can
Watson Data Systems is considering expanding into a new product line. New assets to support expansion will cost $620.000. It is estimated that Watson can generate $129 million in annual sales, with a 10 percent profit margin. What would net income and retum on assets (investment) be for the year? (Enter answer in whole dollar, not in millions, Round return on assets to 2 decimal places.)
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