What would net income and return on assets be for the year

Assignment Help Financial Management

Reference no: EM131497513

Polly Esther Dress Shops Inc. can open a new store that will do an annual sales volume of $1,220,400. It will turn over its assets 2.7 times per year. The profit margin on sales will be 7 percent.

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= _____%

Reference no: EM131497513

Questions Cloud

What is the company unlevered cost of equity capital : What is the company’s unlevered cost of equity capital? What would the cost of equity be if the debt-equity ratio were zero?

Design a program that allow the user to enter number of room : Design a modular program that allows the user to enter the number of rooms that are to be painted, the approximate square feet of wall space in each room.

Find the minimum dc current and voltage : A parallel series electric bllasting circuit consists of six branches of eight caps each. Holes are spaced 10ft (3.1 m) apart in a rectangular pattern.

What would be the value of the fulton bonds : What would be the value of the Fulton bonds at an 8 percent required rate of return if the interest were paid and compounded semiannually?

What would net income and return on assets be for the year : Polly Esther Dress Shops Inc. can open a new store that will do annual sales volume of $1,220,400. What would net income and return on assets be for the year?

Determine major milestones that the project will encounter : Determine the major milestones that the project will encounter. Determine factors that must be considered and observed throughout the WBS development process.

Determine the yield-to-maturity : Determine the yield-to-maturity (to the nearest of 1 percent) if the bonds are purchased at the

Firm has an issue of preferred stock outstanding : If the current market price of the preferred stock is $62.50, the yield on the preferred stock is?

Describe three specific construction applications of a pc : Briefly explain the difference between construction utilizing a conventional construction contract and construction utilizing a construction management contract

User Account

All Pages