1. calulate the average total assets

2. calculate the return on assets

eDUUR Calculating the Average Total Assets and the Return on Assets The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as fol Santiago Systems Income Statement For the Year Ended December 31, 20X2 Amount Percent Net sales $5,345,000 100.0% (3,474,250) 65.0 $1,870,750 35.0 Less: Cost of goods sold Gross margin Less: Operating expenses Operating income