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Polly Esther Dress Shops, Inc., can open a new store that will do an annual sales volume of $900,000. It will turn over its assets
Polly Esther Dress Shops, Inc., can open a new store that will do an annual sales volume of $900,000. It will turn over its assets 2.5 times per year. The profit margin on sales will be 10 percent. What would net income and return on assets (investment) be for the year? Show all calculations.
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