Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Transcribed Image Text: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 a 4 percent profit margin.
What would net income and return on assets
(investment) be for the year?
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