Compute the following ratios for 2017. (Weighted-average ordinary shares in 2017 were 60,000.)

1. -Accounts receivable turnover.
2. -Inventory turnover.
3. -Times interest earned.
4. -Asset turnover.
5. -Debt to assets ratio.

LARKER TOOL SA

Statements of Financial Position

December 31

Assets 2017 2016

1. Plant assets (net) R$600,300 R$520,300
2. Current assets
3. Inventory R$110,950 R$115,500
4. Accounts receivable (net) 105,750 102,800
5. Short-term investments 69,000 50,000
6. Cash 60,100 345,800 64,200 332,500
7. Total assets R$946,100 R$852,800
8. Equity and Liabilities 2017 2016
9. Equity
   Share capital—ordinary (R$5 par) R$300,000 R$300,000
10. Retained earnings 242,600 165,000
11. Total equity 542,600 465,400
12. Bonds payable 200,000 200,000
13. Current liabilities
14. Accounts payable 160,000 145,400
15. Income taxes payable 43,500 42,000
16. Total current liabilities 203,500 187,400
17. Total liabilities 403,500 387,400
18. Total equity and liabilities R$946,100 R$852,800

All sales were on account.