Database Systems is considering expansion into a new product line. Assets to support expansion will cost $500,000. It is estimated that Database can generate $1,200,000 in annual sales, with a 6 percent profit margin. What would net income and return on assets (investment) be for the year?© BrainMass Inc. brainmass.com June 3, 2020, 8:22 pm ad1c9bdddf
The solution explains how to calculate the net income and return on assets.