Selected financial statement data for Holmes Company are presented below. 
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 each of the following:
(a) Asset turnover
(b) Profit margin
(c) Return on assets
(d) Return on ordinary shareholders' equity
Definitions:
Breastplate
A piece of armor covering the chest, used historically by soldiers for protection in battle.
Rib Cage
The set of bones surrounding the chest that protects vital organs such as the heart and lungs.
Triangular-Shaped
Having the shape of a triangle, characterized by three sides and three angles.
Fused Vertebrae
Vertebrae that have grown together or have been surgically joined to increase spinal stability.
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