CP $13-7$ Consider the following financial statement data: Assume that the average of all statement of financial position items is equal to the year$-$end figure and that all sales are on credit. Required: $1.$ Calculate the following ratios: a$.$ Return on total assets $($assume interest has been paid$)$ b$.$ Return on shareholders' equity c$.$ Times interest earned ratio d$.$ Earnings per share e$.$ Number of days of sales in inventory f$.$ Accounts receivable collection period

g$.$ Sales to total assets ratio

h$.$ Current ratio

i$.$ Acid$-$test ratio

j$.$ Debt to shareholders' equity ratio.

$2.$ Which of these ratios are measures of liquidity?

$3.($Appendix$)$ Restate the financial statements to facilitate Scott formula analysis.

$4.($Appendix$)$ Calculate the Scott formula.