Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow(s) from the statements.

Statements:

All the medicines are capsules.

Some capsules are bangles.

Some bangles are toothpastes.

Conclusions:

I. Some bangles are medicines.

II. Some toothpastes are capsules.

III. Some medicines are bangles.

IV. Some medicines are toothpastes. 

None of the conclusions follow