E14-8 Selected comparative statement data for Molini Products Company are presented below. All statement of financial position data are as of December 31. 2017 2016 Net sales 700,000 680,000 Cost of goods sold 480,000 400,000 Interest expense 7,000 5,000 Net income 42,000 34,000 Accounts receivable 120,000 100,000 Inventory 85,000 75,000 Total assets 580,000 540,000 Total ordinary shareholders' equity 425,000 325,000 Instructions Compute the following ratios for 2017. (a) Profit margin. (b) Asset turnover. (c) Return on assets. (d) Return on ordinary shareholders' equity