Net income and return on assets
Not what you're looking for? Search our solutions OR ask your own Custom question.
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 December 15, 2022, 6:14 pm ad1c9bdddfhttps://brainmass.com/business/accounting/net-income-and-return-on-assets-134213
Solution Summary
The solution explains how to calculate the net income and return on assets.
$2.49