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Do It! Review 2-2 Your answer is incorrect.Try again.The following information is available for Pharoah Company. 2017 2016 Current assets$57,200$39,200Total assets243,200208,200Current liabilities25,20033,200Total liabilities75,200103,200Net income83,20043,200Net cash

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Your answer is incorrect.Try again.The following information is available for Pharoah Company.

2017

2016

Current assets$57,200$39,200Total assets243,200208,200Current liabilities25,20033,200Total liabilities75,200103,200Net income83,20043,200Net cash provided by operating activities93,20059,200Preferred dividends9,2009,200Common dividends6,2004,700Expenditures on property, plant, and equipment30,20015,200Shares outstanding at beginning of year43,20033,200Shares outstanding at end of year78,20043,200

(a)Compute earnings per share for 2017 and 2016 for Pharoah.(Round Earnings per share to 2 decimal places, e.g. $2.78.)

2017

2016

Earnings per share$

$

(b)Compute the current ratio and debt to assets ratio for each year.(Round answers to 2 decimal places, e.g. 15.25.)

2017

2016

Current ratio

:1

:1Debt to assets ratio

%

%

(c)Compute free cash flow for each year.

2017

2016

Free cash flow$

$

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