Question:
Polly Esther Dress Shops, Inc., can open a new store that will do 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?
Your answer must be, typed, double-spaced, Century Schoolbook (size 14), one-inch margins on all sides, APA format and also include references.Write step by step solutions for the above question.