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Condensed balance sheet and income statement data for Marigold Corp. are presented as follows. Marigold Corp. Balance Sheets December 31 Assets 2017 2016 Cash $
Condensed balance sheet and income statement data for Marigold Corp. are presented as follows.
Marigold Corp.
Balance Sheets
December 31
Assets
2017 2016
Cash
$ 30,210 $ 22,210
Receivables (net)
82,900 74,900
Other current assets
102,900 85,900
Long-term investments
62,000 60,000
Property, plant, and equipment (net)
522,900 482,900
Total assets
$ 800,910 725,910
Liabilities and Stockholders Equity
Current liabilities
$ 77,210 $ 72,210
Long-term liabilities
92,900 102,900
Common stock
342,900 312,900
Retained earnings
287,900 237,900
Total liabilities and stockholders equity
$ 800,910 $ 725,910
Marigold Corp.
Income Statements
For the Years Ended December 31
2017 2016
Sales revenue
$773,000 $681,000
Cost of goods sold
440,000 400,000
Operating expenses (including income taxes)
240,000 220,000
Net income
$ 93,000 $ 61,000
Additional information:
Net cash from operating activities
$108,210 $58,210
Cash used for capital expenditures
$47,210 $38,000
Dividends paid on common shares
$43,000 $17,210
Weighted-average number of shares outstanding
33,000 30,000
Compute these values and ratios for 2016 and 2017. (Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
2017 2016
(a)
Earnings per share.
$ enter a dollar amount for earnings per share for 2017 rounded to 2 decimal places $ enter a dollar amount for earnings per share for 2016 rounded to 2 decimal places
(b)
Working capital.
$ enter a dollar amount for working capital for 2017 $ enter a dollar amount for working capital for 2016
(c)
Current ratio.
enter the current ratio for 2017 rounded to 1 decimal place :1 enter the current ratio for 2016 rounded to 1 decimal place :1
(d)
Debt to assets ratio.
enter debt to assets ratio for 2017 in percentages rounded to 1 decimal place % enter debt to assets ratio for 2016 in percentages rounded to 1 decimal place %
(e)
Free cash flow.
$ enter a dollar amount for free cash flow for 2017 $ enter a dollar amount for free cash flow for 2016
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