1.5 points Sales were $2,000,000, Sales Return $350,000, Sales Discount $150,000 and profit was $250,000 in the second year of operation for Trekicker's Used Car Company. Total assets in the first year were $800,000 and in the second year $1,200,000. (10 Marks). Instructions a) Determine the asset turnover and the return on assets for Tirekicker's Used Car Company Show calculations below: Asset Turnover: Return on Assets: Formulas: Net Sales Average Total Assets Profit Average Total Assets Asset Turnover Return on Assets