Following is an incomplete current-year income statement.

-Return to total assets is 16%(adverage total assets is $83,000)

- Inventory turnover is 4 ( average inventory is $6,400)

- Accounts receivable turnover is 7 (average accounts receivable is $7,400)

Income Statement Net sales Cost of goods sold Selling, general, and administrative expenses Income tax expense Net income 8,500 3,500