Question polly esther dress shops inc can open a new store, Ask an Expert

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Question: 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.)

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Category:- Basic Finance
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