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Walker Glove and Bat Shop can open a new store that will have annual sales of $1,110,900. It will turn over its assets 2.3 times
Walker Glove and Bat Shop can open a new store that will have annual sales of $1,110,900. It will turn over its assets 2.3 times per year. The profit margin on sales will be 4 percent. What would net income and return on assets (investment) for the year be? (Round return on assets to 2 decimal place.)
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