Business, 06.12.2021 19:10 curlyloo01

Skysong International is considering a significant expansion to its product line. The sales force is excited about the opportunities that the new products will bring. The new products are a significant step up in quality above the companya's current offerings, but offer a complementary fit to its existing product line. Fred Riddick, senior production department manager, is very excited about the high-tech new equipment that will have to be acquired to produce the new products. Barbara Dyson, the companya's CFo, has provided the following projections based on results with and without the new products. Without New Products With New Products
Sales revenue $12,149,200 $16,618,200
Net income $488,900 $885,800
Average total assets $5,282,800 $13,930,400

Requried:
Compute the company’s return on assets, profit margin, and asset turnover, both with and without the new product line.

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Skysong International is considering a significant expansion to its product line. The sales force is...

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