The Dayco Manufacturing Company had the following financial statement results for last year. Net sales were $1.2 million with net income of $90,000. Total assets at year end amounted to $900,000. (1) Calculate Dayco's asset turnover ratio and its profit margin. (2) Show how the two ratios in Part a can be used to determine Dayco's rate of return on assets. (3) Dayco operates in an industry whose industry ratios are these: Return on assets: 9%; Asset turnover: 2.5 times; Net profit margin: 3.6%. Compare Dayco's performance against the industry averages.