Question 1 Larkspur Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been financed primarily through the retention of earnings. A stock or a cash dividend has never been declared. Presented below is a brief financial summary of Larkspur Inc. operations. ($000 omitted) 2018 2017 2016 2015 2014 Sales revenue $19,820 $16,040 $13,890 $6,000 $4,000 Net income 2,380 1,390 790 700 250 Average total assets 21,970 19,120 11,560 4,190 3,020 Current assels 8,080 6,020 3,020 1,190 990 Working capital 3,610 3,190 1,200 500 400 Common shares: Number of shares outstanding (a00) 2,000 2,000 2,000 20 20 Average market price $8 $6 (b) Compute the return on assets, profit margin on sales, earnings per share, price-earnings ratio, and current ratio for each of the 5 years for Larkspur Inc. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) 2018 2017 2016 2015 2014 Return on assets Profit margin on sales Earnings per share $ Price-earnings ratio tirmes tienes lities Current ratio times times times 3 times