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Database Systems is considering expansion into a new product line. Assets to support expansion will...

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Accounting

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 $1,200,000 in annual sales, with a 6 percent profit margin.
What would net income and return on assets (investment) be for the year? (Round your return on assets to 1 decimal place. Omit the "$" and "%" signs in your response.)

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