Question:Database Systems is considering expansion into a new product
line. Assets to support expansion will cost...
Question
Database Systems is considering expansion into a new product
line. Assets to support expansion will cost...
Database Systems is considering expansion into a new product
line. Assets to support expansion will cost $380,000. It is
estimated that Database can generate $1,410,000 in annual sales,
with an 8 percent profit margin. What would net income and return
on assets (investment) be for the year?