peterradu47781
25.03.2020 •
Business
Database Systems is considering expansion into a new product line. Assets to support expansion will cost $380,000. It is estimated that Database can generate $1,390,000 in annual sales, with an 6 percent profit margin.
Required:
What would net income and return on assets(investment) be for the year?
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Ответ:
Net income = $83,400
Return on assets(investment) = 21.95%
Explanation:
We know,
Net income = Net sales × profit margin
Given,
Net sales = $1,390,000
profit margin = $380,000
Putting the values into the formula, we can get
Net income = Net sales × profit margin
Net income = $1,390,000 × 6%
Net income = $83,400
Again,
We know,
Return on assets(investment) = Net income ÷ Total asset (investment)
Given,
Total asset (investment) = $380,000
Net income = $83,400
Putting the values into the formula, we can get
Return on assets(investment) = $83,400 ÷ $380,000
Return on assets(investment) = 0.2195
Return on assets(investment) = 21.95%
Ответ: