Exercise 2-11 Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2017 2016 Current assets $ 911,400 $1,026,000 Total assets Current liabilities Total liabilities 1,960,000 1,884,000 434,000 380,000 560,560 538,824 Net income 181,830 361,350 Net cash provided by operating activities 330,000 480,400 Capital expenditures 298,000 272,300 Dividends paid on common stock 77,000 83,600 Weighted-average shares outstanding 209,000 219,000 (a) Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.) Current ratio 2017 2016 2.10 1 2.70 1 (b) Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2017 2016 Earnings per share $ 0.87 $ 1.65