The following amounts were taken from the financial statements of Ando Company: 2014 2013 Total assets $800,000 $1,000,000 Net sales 720,000 650,000 Gross profit 352,000 320,000 Net income 144,000 117,000 Weighted average number of common shares outstanding 90,000 90,000 Market price of common stock $35 $39 The profit margin ratio for 2014 is 20%. 40.9%. 20.6%. 21.0%