Polly Esther Dress Shops Inc can open a new store that will do an annual sales volume of $837, 900

Accounting Jan 26, 2021

Polly Esther Dress Shops Inc can open a new store that will do an annual sales volume of $837, 900. It will turn over its assets 1.9 times pet year. the profit margin on sales will be 8 percent. What would net income and return on assets (investment) be for the year? (Input your return on assets answer as a percent rounded to 2 decimal places.)