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Flint Corporation Culver Corporation 2022 2022 Net sales Cost of goods sold Operating expenses $2,376,000 $818,400 1,551,000 448,800 373,560 129,360 Interest expense 10,240 4,220 Income

Flint Corporation Culver Corporation 2022 2022 Net sales Cost of goods sold Operating expenses $2,376,000 $818,400 1,551,000 448,800 373,560 129,360 Interest expense 10,240 4,220 Income tax expense 112,400 47,520 Current assets 438,000 195,800 Plant assets (net) 700,000 184,200 Current liabilities 87,600 44,500 Long-term liabilities 151,380 52,780 Net cash common by operating activities 182,160 47,520 Capital expenditures 118,800 26,400 Dividends paid on common stock 47,520 19,800 Weighted-average common shares outstanding 80,000 50,000 Earnings per share Net Income $ Flint Corporation $ Culver Corporation $ (b) $ Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Working Capital Flint Corporation $ Culver Corporation (c) Current Ratio. 5.03 :1 4.37 :1 Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Free Cash Flow Debt to Assets Flint Corporation % $ Culver Corporation 15840 % $ 1320

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