The comparative statements of Sandbox Company are presented below:

Sandbox Company
Income Statement
For the Years Ended December 31
	2020	2019
Net sales	1818500	1750500
Cost of goods sold	1011500	996000
Gross profit	807000	754500
Selling and administrative expense	516000	479000
Income from operations	291000	275500
Interest expense	15000	14000
Income before income taxes	276000	261500
Income tax expense	84000	77000
Net income	192000	184500

Sandbox Company
Statements of Financial Position
December 31, 2020
	2020		2019
Assets
Plant assets (net)		600300		520300
Current assets
Inventory	110950		115500
Accounts receivable (net)	105750		102800
Short-term investments	69000		50000
Cash	60100	345800	64200	332500
Total assets		946100		852800
Liabilities and Equity
Equity
Share capitalordinary ($5 par)		300000		300000
Retained earnings		242600		165400
Total equity		542600		465400
Bonds payable		200000		200000
Current liabilities
Accounts payable		160000		145400
Income taxes payable		43500		42000
Total current liabilities		203500		187400
Total liabilities		403500		387400
Total Liabilities and Equity		946100		852800

Additional information:

• All sales were on account.
• Weighted-average ordinary shares in 2020 were 60,000.

Instructions:

Compute the following ratios for 2020:

A. Earnings per share

B. Return on assets

C. Current ratio

D. Acid-test ratio

E. Accounts receivable turnover

F. Debt to assets ratio