Apex Technologies is considering expansion into a new product line. Assets to support expansion will cost $850,000. It is estimated that Apex can generate $2,250,000 in annual sales, with a 5.5 percent profit margin. What would net income and return on assets (investment) be for the year?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 5PB: Mason, Inc., is considering the purchase of a patent that has a cost of $85000 and an estimated...
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Hello teacher please help me with accounting questions

Apex Technologies is considering expansion into a new product
line. Assets to support expansion will cost $850,000. It is estimated
that Apex can generate $2,250,000 in annual sales, with a 5.5
percent profit margin. What would net income and return on assets
(investment) be for the year?
Transcribed Image Text:Apex Technologies is considering expansion into a new product line. Assets to support expansion will cost $850,000. It is estimated that Apex can generate $2,250,000 in annual sales, with a 5.5 percent profit margin. What would net income and return on assets (investment) be for the year?
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