Selected comparative statement data for Molini Products are presented below. All statement of financial position data are as of December 31.

Instructions
Compute the following ratios for 2020.
a. Profit margin.
b. Asset turnover.
c. Return on assets.
d. Return on ordinary shareholders’ equity.

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2019 2020 Net sales £700,000 £680,000 Cost of goods sold Interest expense Net income 480,000 400,000 7,000 5,000 34,000 42,000 Accounts receivable 120,000 100,000 75,000 540,000 325,000 Inventory 85,000 Total assets 580,000 Total ordinary shareholders' equity 425,000