Question 5 Salles Extract of the Statement of Comprehensive Income for the year ended 31 Dec 2016 670 000 Cost of sales 1415 000) Gross profit 255 000 Operating profit 153 000 Interest expense (20 000) Profit before tax 133 000 Net profit after tax 93 100 807 500 556 750 1 364 250 Extract of the Statement of Financial Position as at 31 December 2016 Assets Non-current assets Current assets (including R175 000 of Inventories) Total assets Equity and liabilities Ordinary share capital (200 000 shares) Retained earnings Non-current liablittles Current llabiltles Total equity and liabilities 1 000 000 49 750 200 000 114 500 1 364 250 Calculate the following ratios for 2016. Where applicable, round off answers to two decimal places. 5.1 Operating profit on turnover (2) 5.2 Return on assets (3) 5.3 Return on equity (3) 5.4 Current ratio (3) 5.5 Acid test ratio (3) 5.6 Interest cover (3) 5.7 Earnings per share (3)