Tesco PLC, a prominent retail company in the UK, has released its financial statements for the fiscal year ending December 31, 20XX. The company reported sales revenue of £55,432 million, with cost of goods sold amounting to £42,109 million, resulting in a gross profit of £13,323 million. Operating expenses stood at £10,287 million, leading to a net income of £3,036 million. On the balance sheet, total assets were recorded at £72,098 million, with liabilities totaling £39,267 million and equity amounting to £32,831 million. Tesco PLC paid dividends of £1,234 million during the fiscal year and incurred £1,789 million in depreciation expense. The corporate tax rate applicable to Tesco PLC is 18%.

Requirements:

a. Calculate Tesco PLC's:

i. Debt-to-Equity Ratio - Assess the proportion of debt used to finance the company's assets relative to its shareholders' equity.

ii. Asset Turnover Ratio - Evaluate how efficiently Tesco PLC utilizes its assets to generate revenue.

iii. Earnings per Share (EPS) - Determine the portion of Tesco PLC's profit allocated to each outstanding share of its common stock.

b. Discuss the significance of these ratios in analyzing Tesco PLC's financial health and performance.