11. Selected financial statement data for Holmes Company are presented below. Net sales $ 1,200,000 Cost of goods sold 700,000 Interest expense 10,000 Net income 180,000 Total assets (ending) 850,000 Total ordinary shareholders' equity (ending) 650,000 Total assets at the beginning of the year were $750,000; total ordinary shareholders' equity was $550,000 at the beginning of the period. Instructions Compute ench of the following: (a) Asset turnover (b) Profit margin (c) Return on assets (d) Return on ordinary shareholders' equity