Case Study Use the following financial statement information as of the end of each year to answer following Questions. 2014 2013 Inventory $54,000 $48,000 Current assets 81,000 1,06,000 Total assets 3,82,000 3,26,000 Current liabilities 27,000 36,000 Total liabilities 1,02,000 88,000 Share capital—preference 40,000 40,000 Ordinary shareholders’ equity 2,40,000 1,98,000 Net sales 7,84,000 6,97,000 Cost of goods sold 3,06,000 2,77,000 Net income 1,34,000 90,000 Tax expense 22,000 18,000 Interest expense 12,000 12,000 Dividends paid to preference shareholders 4,000 4,000 Dividends paid to ordinary shareholders 15,000 10,000 compute the profit margin for 2014