13 Profitability ratios Lo3 The following financial information about Spurr Limited, for its financial year ended 31 December, is available Net profits Ordinary shares outstanding, 1 January Ordinary shares outstanding, 31 December Share (market) price at 31 December Sales Total assets, 1 January Total assets, 31 December Shareholders' equity, 1 January Shareholders' equity, 31 December $ 150000 400 000 500000 $ 10.00 $ 945000 $ 800000 $1000000 $ 450000 $ 475000