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$1.925,150 Cost of goods sold 1.112,650 1.090.800 Gross profit 887,700 834,350 554,800 527.700 Selling and administrative expense Income from operations 332,900 306,650 Interest expense 16,500 15,400 Income before income taxes 316,400 291 250 Income tax expense 89.200 84.700 Net Income R$ 227.200 R$ 206,550 Tamarisk Tool SA Statements of Financial Position December 31 Assets 2020 2019 Plant assets (net) Current assets R$660.330 R$572,330 Inventory R$122.045 R$127,050 Accounts receivable (net) 116,325 113,080 75.900 55,000 Short-term investments Cash 66,110 380,380 70,620 365,750 Total assets R$ 1,040.710 R$938,080 Equity and Liabilities Equity Share capital-ordinary (R$5 par) R$330,000 R$ 330,000 Retained earnings 266,860 181.940 ? ! Equity and Liabilities Equity Share capital-ordinary (R$5 par) Retained earnings R$330,000 R$ 330,000 266,860 181.940 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$938,080 All sales were on account Compute the following ratios for 2020. (Weighted average ordinary shares in 2020 were 66.000) (Round earnings per share, current 21/30 IT Compute the following ratios for 2020. (Weighted average ordinary shares in 2020 were 66.000) (Round earnings per shore, current ratio and acid-test ratio to 2 decimal places, s. 165, and all others to 1 decimal place, c.8. 6.8 or 6.8%) (a) R$ 3.44 Earnings per share Return on ordinary shareholders' equity BEER [b] 38.07 % ld Return on assets 2183 96 0$ (d) Current ratio 1.70 1 le) Acid-test ratio 115 (1) Accounts receivable turnover 1744 times ( Inventory turnover 893 times (h) Times interest earned times (0) Asset turnover 2.02 times

pur-new-sol

Related Questions