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Daedalus Data Systems is considering expanding into a new product line. New assets to support expansion will cost $ 7 2 0 , 0 0

Daedalus Data Systems is considering expanding into a new product line. New assets to support expansion will cost $720,000. It is
estimated that Daedalus can generate $1.36 million in annual sales, with a 13 percent profit margin.
What would net income and return on assets (investment) be for the year?
Note: Enter answer in whole dollar, not in millions. Round return on assets to 2 decimal places.
Net income
$
Return on assets
%
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