Arnold Tofu owns and operates a chain of 12 vegetable protein "hamburger" restaurants in northern Louisiana.Sales figures and profits for the stores are provided in the table below.Sales are given in millions of dollars;profits are in hundreds of thousands of dollars.Calculate a regression line for the data.What is your forecast of profit for a store with sales of $24 million? $30 million?
Definitions:
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenue, indicating the company's profitability.
Average Total Assets
The average value of all assets owned by a company over a specific period, useful in assessing company productivity and investment returns.
Net Sales
The total revenue from goods sold or services provided by a company, after deducting returns, allowances for damaged or missing goods, and discounts.
Return on Assets Ratio
A financial ratio that measures how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.
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