Problem:
Database Systems is considering expansion into a new product line. Assets to support expansion will cost $500,000. It is estimated that Database can generate $1,200,000 in annual sales, with a 6 percent profit margin. What would net income and return on assets (investment) be for the year?
Your answer must be, typed, double-spaced, Lucida Handwriting (size 12), one-inch margins on all sides, APA format and also include references.Write step by step solutions for the above question.