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Comparative financial statement data for Pharoah Company and Sunland Company, two competitors, appear below. All balance sheet data are as of December 31, 2017. Pharoah

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Comparative financial statement data for Pharoah Company and Sunland Company, two competitors, appear below. All balance sheet data are as of December 31, 2017. Pharoah Company 2017 Sunland Company 2017 Net sales $2,628,000 $905.200 Cost of goods sold 1.715.500 496,400 Operating expenses 413,180 143,080 Interest expense 56348 13.140 124 100 Income tax expense 52 560 197.736 Current assets 455.000 776,720 Plant assets inet) 204,003 96,835 49.225 Current liabilities 158.410 59.399 201,480 52.560 Long-term liabilities Net cash provided by operating activities Capital expenditures 131,400 29.200 Dividendis paid on common stock 52.560 21.900 50.000 Welehted average number of shares outstanding 30,000 Compute the net income and earnings per share for each company for 2017.(Round Earnings per share to 2 decimal places, es $2.78.) Net Income Earnings per share Pharoah Company $ Sunland Company $ Compute working capital and the current ratios for each company for 2017. (Round current ratio to 1 decimal place, s.0.7:1) Working Capital Current Ratios Pharoah Company $ Sunland Company Compute the debt to assets ratio and the free cash flow for each company for 2017. (Round debt to assets to I decimal place es 78.9% Enter negative amounts using either a negative sin preceding the numbers -45 or parentheseses (450) Debt to Assets Free Cash Flow Pharoah Company Sunland Company

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