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The comparative statements of Larker Tool Company are presented below Larker Tool Company Income Statement For the Years Ended December 31 2014 2013 Net sales R$1,818,500 R$1,750,500 Cost of goods sold 1,011,500 996,000 Gross profit 807,000 754,500 Selling and administrative expense 516,000 479,000 291,000 275,500 Income from operations Interest expense 15,000 14,000 276,000 261,500 Income before income taxes Income tax expense Net income 84,000 77,000 R$ 192,000 R$ 184,500 2013 Assets Plant assets (net) Current assets Inventory Larker Tool Company Statements of Financial Position December 31 2014 R$600,300 R$110.950 R$115.500 R$520,300 Larker Tool Company Statements of Financial Position December 31 2014 R$600,300 R$110,950 105,750 69,000 60,100 345,800 R$946,100 Assets Plant assets (net) Current assets Inventory Accounts receivable (net) Short-term investments Cash Total assets 2013 R$115,500 102,800 50,000 64,200 R$520,300 332,500 R$852,800 Equity and Liabilities Equity Share capital ordinary (R$5 par) Retained earnings Total equity Bonds payable Current liabilities Accounts payable Income taxes payable R$ 300,000 R$300,000 242,600 165,400 542,600 465,400 200,000 200,000 160,000 145,400 43,500 42,000 Total current liabilities 203,500 187,400 Total liabilities 403,500 387,400 Total equity and liabilities R$946,100 R$852,800 All sales were on account. Instructions Compute the following ratios for 2014. (Weighted-average ordinary shares in 2014 were 60,000.) (a) Earnings per share. (f) Accounts receivable turnover. (b) Return on ordinary shareholders' equity. (g) Inventory turnover. (c) Return on assets. (h) Times interest earned. (d) Current. (i) Asset turnover. (e) Acid-test. (i) Debt to total assets.