SSAGE MY INSTRUCTOR Exercise 211 Suppose the following data

SSAGE MY INSTRUCTOR Exercise 2-11 Suppose the following data were taken from the 2017 and 2016 financial st numbers, including share data, are in thousands.) 2017 2016 867,300 $994,950 1,906,300 1,854,950 413,000 368,500 567,700 521,800 173,000 47,500 302,000 492,800 263,000 285,900 79,000 125,200 Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Capital expenditures Dividends paid on common stock Weighted-average shares outstanding 204,000 215,100o Calculate the current ratio for each year. (Round answers to 2 decimal places 2017 2016 Current ratio 2.11 2.7 1 Calculate earnings per share for each year. CRound answers to 2 decimal places, e 8 1ohn Wiley & SensIns All Rights Reserved. A Division of John Wilex &S; SAMSUNG

Solution

c) Debt to assets ratio = total liabilities/total assets 2017 =567,700/1,906,300 29.78% 2016 =521,800/1,854,950 28.13% d) Free cash flow net cash provided by operating activities-capital expenditure-dividends paid on common stock 2017 = 302,000-263,000-79,000 -40000 2016 = 492,800-285,900-125,200 81700