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

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Question 1: Polly Esther Dress Shops, Inc., can open a new store that will does an annual sales volume of $960,000. It will turn over its assets 2.4 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?

Reference no: EM132571061

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