# LARKER TOOL SA Statements of Financial Position December 31 Assets 2017 2016 Plant assets (net)...

###### Question:

LARKER TOOL SA

Statements of Financial Position

December 31

Assets 2017 2016

Plant assets (net)   R$600,300 R$520,300

Current assets

Inventory R$110,950 R$115,500

Accounts receivable (net) 105,750      102,800

Short-term investments 69,000 50,000

Cash   60,100   345,800 64,200 332,500

Total assets R$946,100 R$852,800

Equity and Liabilities 2017 2016

Equity
Share capital—ordinary (R$5 par) R$300,000 R$300,000 Retained earnings 242,600 165,000 Total equity 542,600 465,400 Bonds payable 200,000 200,000 Current liabilities Accounts payable 160,000 145,400 Income taxes payable 43,500 42,000 Total current liabilities 203,500 187,400 Total liabilities 403,500 387,400 Total equity and liabilities R$946,100   R$852,800 All sales were on account. Instructions: Compute the following ratios for 2017. (Weighted-average ordinary shares in 2017 were 60,000.) (a) Earnings per share. (b) Return on ordinary shareholders’ equity. (c) Return on assets. (d) Current ratio. (e) Acid-test ratio. (f) Accounts receivable turnover. (g) Inventory turnover. (h) Times interest earned. (i) Asset turnover. (j) Debt to assets ratio. ## Answers #### Similar Solved Questions 1 answer ##### Need for 2020 This year Jack intends to file a married-joint return. Jack received$172,500 of...
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