Dove corporation began its operations on september 1 of the current year. budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for september, october, and november. the company expects to sell 25% of its merchandise for cash. of sales on account, 70% are expected to be collected in the month of the sale, 30% in the month following the sale.

the cash collections in october are:

$320,000

$248,000

$304,250

$382,500

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