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Walker Glove and Bat Shop can open a new store that will have annual sales of $865,800. It will turn over its assets 1.8 times

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Walker Glove and Bat Shop can open a new store that will have annual sales of $865,800. It will turn over its assets 1.8 times per year. The profit margin on sales will be 9 percent. What would net income and return on assets (investment) for the year be? (Round return on assets to 2 decimal place.) $ $ Net income Return on assets

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