Watson Data Systems is considering expanding into a new product line. New assets to support expansion will cost $400,000. It is
estimated that Watson can generate $1.32 million in annual sales, with a 9 percent profit margin.
What would net income and return on assets (investment) be for the year? (Enter answer in whole dollar, not in millions. Round
return on assets to 2 decimal places.)
Net income
Return on assets.
$