Question
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
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$
$
SUBMIT ANSWER
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started