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Database Systems is considering expansion into a new product line. Assets to support expansion will cost $630,000. It is estimated that Data base can generate
Database Systems is considering expansion into a new product line. Assets to support expansion will cost $630,000. It is estimated that Data base can generate 551240900 in annual sales, with an 15 percent profit margin. What would net income and return on assets [investment] be for the year? (Input your return on assets answer as a percent rounded to 2 decimal places.) Net income Return on assets
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