novak Corp. had the following transactions during the current period. Mar. 2 Issued 4,800 shares of $5 par value common stock to attorneys in payment of a bill for $28,900 for services performed in helping the company to incorporate. June 12 Issued 59,700 shares of $5 par value common stock for cash of $363,900. July 11 Issued 2,250 shares of $110 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 1,720 shares of treasury stock for $79,500. Journalize the transactions.

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times