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Condensed balance sheet and income statement data for Vaughn Manufacturing are presented as follows. Vaughn Manufacturing Balance Sheets December 31 Assets 2017 2016 Cash $

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Condensed balance sheet and income statement data for Vaughn Manufacturing are presented as follows. Vaughn Manufacturing Balance Sheets December 31 Assets 2017 2016 Cash $ 29,470 $21,470 Receivables (net) 75,400 67,400 Other current assets 95,400 78,400 Long-term investments 60,000 Property, plant, and equipment (net) 62,000 515,400 $ 777,670 475,400 Total assets 702,670 Liabilities and Stockholders' Equity Current liabilities $ 76,470 $ 71,470 Long-term liabilities 85,400 95,400 Common stock 335,400 305,400 Retained earnings 280,400 230,400 Total liabilities and stockholders' equity $777,670 $ 702,670 Vaughn Manufacturing Income Statements For the Years Ended December 31 2017 2016 $761,000 $716,000 Sales revenue Cost of goods sold 440,000 400,000 Operating expenses (including income taxes) 240,000 220,000 Net income $ 81,000 $ 96,000 Additional information: Net cash from operating activities Cash used for capital expenditures $95,970 $57.470 $46,470 $38,000 $31,000 $16,470 33,000 30,000 Dividends paid on common shares Weighted-average number of shares outstanding Compute these values and ratios for 2016 and 2017. (Round Eamings per share to 2 decimal places, eg. $2.78 and Current to 1 decimal place, eg. 15.2. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses 2017 2016 1.52 2.65 (a) Earnings per share. $ (b) Working capital. (c) Current ratio. (d) Debt to assets ratio. (e) Free cash flow. $ Attempts: 0 of 3 used Save for

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