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The comparative statements of Tamarisk Tool SA are presented below. Tamarisk Tool SA Income Statement For the Years Ended December 31 2020 2019 Net sales R$ 2,000,350 R$ 1.925,150 Cost of goods sold 1,112,650 1,090.800 Gross profit 887.700 834,350 Selling and administrative expense 554.800 527.700 Income from operations 332.900 306.650 Interest expense 16,500 15,400 Income before income taxes 316.400 291.250 Income tax expense 89,200 84.700 Net income R$ 227,200 R$ 206,550 Tamarisk Tool SA Statements of Financial Position December 31 Assets 2020 2019 Plant assets (net) R$ 660.330 R$ 572,330 Current assets Inventory R$ 122,045 R$ 127,050 Tamarisk Tool SA Statements of Financial Position December 31 Assets 2020 2019 Plant assets (net) R$ 660,330 R$ 572,330 Current assets Inventory R$ 122.045 R$ 127,050 Accounts receivable (net) 116,325 113,080 Short-term investments 75.900 55,000 Cash 66,110 380,380 70,620 365,750 Total assets R$ 1,040,710 R$ 938,080 Equity and Liabilities Equity R$ 330,000 R$ 330,000 Share capital-ordinary (R$5 par) Retained earnings 266,860 181.940 Total equity 596,860 511,940 Bonds payable 220,000 220,000 Current liabilities Accounts payable 176,000 159,940 Income taxes payable 47,850 46,200 Total current liabilities 223,850 206,140 Total liabilities 443,850 426,140 Total equity and liabilities R$ 1,040,710 R$ 938,080 Total current liabilities 223,850 206,140 Total liabilities 443,850 426,140 Total equity and liabilities R$ 1,040,710 R$ 938,080 All sales were on account. Compute the following ratios for 2020. (Weighted-average ordinary shares in 2020 were 66,000.) (Round earnings per shar ratio and acid-test ratio to 2 decimal places, eg. 1.65, and all others to 1 decimal place, eg. 6.8 or 6.8%.) (a) Earnings per share R$ (b) Return on ordinary shareholders' equity se (c) Return on assets % (d) Current ratio :1 (e) Acid-test ratio :1 (f) Accounts receivable turnover times (8) Inventory turnover times (h) Times interest earned times (0) Asset turnover times 0 Debt to assets ratio

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