question archive Polly Esther Dress Shops, Inc
Polly Esther Dress Shops, Inc
Subject:FinancePrice: Bought3
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?
