Compute the following:

(9) return on total assets

(10) return on equity.

CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales $456,600 Cost of goods sold Gross profit Operating expenses 297.450 159.150 99.400 Interest expense 3,900 Income before taxes 55,850 Income taxes 22,499 $ 33,35 Net income CADET CORPORATION Balance Sheet December 31, 2009 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Assets S 20,000 Cash 21,500 8,200 Short-term investments 4,400 Accounts receivable, net 29,400 3,700 Notes receivable (trade) Long-term note payable, secured by mortgage on plant assets 7,000 67,400 Merchandise inventory 34,150 Common stock . 85,000 Prepaid expenses 2,700 Retained earnings Total liabilities and equity 66,750 147,300 $248,750 Plant assets, net $248,750 Total assets