A company€™s return on assets is a function of its ability to turn over its investment (asset turnover) and earn a profit on each dollar of sales (return on sales). For each of the following independent cases, determine the missing amounts. (Note: Assume in each case that the company has no interest expense; that is, net income is used as the definition of income in allcalculations.)

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Case 1 Net income Net sales Average total assets Return on assets Case 2 Net income Average total assets Return on sales Net sales Case 3 Average total assets Asset turnover Return on sales Return on assets Case 4 Return on assets Net sales Asset tunover Net income Case 5 Return on assets Net income Return on sales Average total assets $ 10,000 $ 80,000 $ 60,000 S 25,000 $ 250,000 2% $ 80,000 1.5 times 6% 10% $ 50,000 1.25 times 15% 20,000 5% $