Selected comparative statement data for Molini Products Company are presented below. All statement of financial position data are as of December 31. 2014 2013Net sales £700,000 £680,000Cost of goods sold 480,000 400,000Interest expense 7,000 5,000Net income 42,000 34,000Accounts receivable 120,000 100,000Inventory 85,000 75,000Total assets 580,000 540,000Total ordinary shareholders’ equity 425,000 325,000InstructionsCompute the following ratios for 2014.(a) Profi t margin.(b) Asset turnover.(c) Return on assets.(d) Return on ordinary shareholders’ equity