Problem 3-3 Profitability ratios [LO3-2] Polly Esther Dress Shops inc. can open a new store that will do an annual sales volume of $1,394,900. It will turn over its assets 2.9 times per year. The profit margin on sales will be 6 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.) Net income Return on assets