- / 30 ill The comparative statements of Tamarisk Tool SA are presented below. Tamarisk Tool SA Income Statement For the Years Ended December 31 2020 2019 Net sales R$2.000,350 R$1.925,150 1.112.650 1,090,800 Cost of goods sold Gross profit Selling and administrative expense 887,700 834,350 554,800 527,700 Income from operations 332.900 306,650 Interest expense 16.500 15400 Income before income taxes 316,400 291.250 Income tax expense 89.200 84.700 Net income R$ 227.200 R$ 206.550 -/30 !!! Tamarisk Tool SA Statements of Financial Position December 31 Assets 2020 2019 Plant assets (net) R$660.330 R5572,330 R$122,045 R$ 127,050 Current assets Inventory Accounts receivable (net) Short-term investments Cash 116,325 113.080 75.900 55.000 66.110 380,380 70620 365,750 Total assets R$ 1.040.710 R$938.000 Equity and Liabilities Equity Share capital-ordinary (R$5 par) R$330.000 R$330.000 Retained earnings 266,860 181.940 R$330,000 R$330,000 266,860 181.940 596,860 511,940 Equity and Liabilities Equity Share capital-ordinary (R$5 par) Retained earnings Total equity Bonds payable Current liabilities Accounts payable Income taxes payable Total current liabilities 220.000 220,000 176,000 159.940 47.850 46,200 223,850 206,140 Total liabilities 443,850 426,140 Total equity and liabilities R$ 1,040,710 R$938,080 All sales were on account. Question 1 of 3 C > - / 30 E Compute the following ratios for 2020. (Weighted average ordinary shares in 2020 were 66,000) (Round earnings per share current ratio and acid-test ratio to 2 decimal places, e3.1.65, and all others to 1 decimal place, es 6.8 or 6.8% ( (a) Earnings per share RS b) 96 % Return on ordinary shareholders equity Return on assets (c) % (d) Current ratio :1 I ) le Acid-test ratio .1 Accounts receivable turnover times m) (2) Inventory turnover times th) Times interest earned times 60 Asset turnover times (a) Earnings per share RS | (b) Return on ordinary shareholders equity % (c) Return on assets % (d) Current ratio 1 (e) Acid-test ratio :1 (1) Accounts receivable turnover I times Inventory turnover times th) Times interest earned times 0 0 Asset turnover times Debt to assets ratio %