The comparative statements of Larker Tool SA are presented below.

All sales were on account.

Instructions
Compute the following ratios for 2020. (Weighted-average ordinary shares in 2020 were 60,000.)

a. Earnings per share.

b. Return on ordinary shareholders’ equity.

c. Return on assets.

d. Current ratio.

e. Acid-test ratio. 

f. Accounts receivable turnover.

g. Inventory turnover.

h. Times interest earned.

i. Asset turnover.

j. Debt to assets ratio.

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Larker Tool SA Income Statement For the Years Ended December 31 2020 2019 R$1,750,500 Net sales R$1,818,500 996,000 Cost of goods sold 1,011,500 Gross profit Selling and administrative expense 807,000 754,500 516,000 479,000 Income from operations Interest expense 275,500 291,000 15,000 14,000 Income before income taxes 261,500 276,000 84,000 Income tax expense 77,000 R$ 192,000 R$ 184,500 Net income Larker Tool SA Statements of Financial Position December 31 Assets 2020 2019 Plant assets (net) Current assets R$600,300 R$520,300 R$110,950 R$115,500 Inventory Accounts receivable (net) Short-term investments Cash 105,750 69,000 60,100 102,800 50,000 345,800 64,200 332,500 Total assets R$946,100 R$852,800