The condensed financial statements of ABC Company for the years 2014-2015 are presented below: ABC Company Comparative Statement of Financial Position As of December 31, 2015 and 2014 Plant and equipment Accumulated depreciation Inventories Accounts Receivable (net) Cash Share capital-ordinary ($10 par) Retained earnings Bonds payable Dividends payable Accounts payable 2015 1,700,000 2014 1,112,000 (260,000) 380,000 460,000 $ 420,000 $2,700,000 (192,000) 340,000 300,000 $ 120,000 $1,680,000 1,520,000 1,200,000 540,000 400,000 -0- $ 240,000 $2,700,000 280.000 -0- 40,000 $ 160,000 $1,680,000 Additional data: Market value at 12/31/15 is $80 per share. ABC sold 32,000 ordinary shares of at par on July 1, 2015. Sales Gross profit ABC Company Condensed Income Statement For the Year Ended December 31, 2015 Cost of goods sold Administrative and selling expenses Net income $2,400,000 1,600,000 800,000 500,000 $ 300,000 ( e. Profit margin on sales in 2015 f. Earnings per share in 2015 g. Return on ordinary share capital - equity in 2015 h. Debt to assets at 12/31/15 IIII