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Condensed balance sheet and income statement data for Wildhorse Co. are presented as follows. Wildhorse Co. Balance Sheets December 31 2017 2016 Assets Cash Receivables
Condensed balance sheet and income statement data for Wildhorse Co. are presented as follows. Wildhorse Co. Balance Sheets December 31 2017 2016 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 32,660 82,400 102,400 62,000 522,400 $801,860 $24,660 74,400 85,400 60,000 482,400 726,860 $79,660 92,400 342,400 287,400 $ 801,860 $74,660 102,400 312,400 237,400 $726,860 Wildhorse Co. Income Statements For the Years Ended December 31 2017 2016 Sales revenue Cost of goods sold Operating expenses (including income taxes) Net income $795,000 $718,000 400,000 240,000 220,000 $ 115,000 $98,000 440,000 Additional information: Net cash from operating activities Cash used for capital expenditures Dividends paid on common shares Weighted-average number of shares outstanding $133,360 $60,660 S49,660 $38,000 S65,000 $19,660 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. (b) Working capital (c) Current ratio. (d) Debt to assets ratio. (e) Free cash flow
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