ndensed balance sheet and income statement data for Danke Corporation are presented here and following.

Danke Corporation Balance Sheets December 31
Assets		2022		2021
Cash		$ 28,000		$ 20,000
Receivables (net)		70,000		62,000
Other current assets		90,000		73,000
Long-term investments		62,000		60,000
Plant and equipment (net)		510,000		470,000
Total assets		$ 760,000		685,000
Liabilities and Stockholders Equity
Current liabilities		$ 75,000		$ 70,000
Long-term liabilities		80,000		90,000
Common stock		330,000		300,000
Retained earnings		275,000		225,000
Total liabilities and stockholders equity		$ 760,000		$ 685,000

Danke Corporation Income Statements For the Years Ended December 31
		2022		2021
Sales revenue		$750,000		$680,000
Cost of goods sold		440,000		400,000
Operating expenses (including income taxes)		240,000		220,000
Net income		$ 70,000		$ 60,000

Additional information:

Net cash provided by operating activities		$82,000		$56,000
Cash used for capital expenditures		$45,000		$38,000
Dividends paid		$20,000		$15,000
Weighted-average common shares outstanding		33,000		30,000

(a)		Earnings per share. (2021: $2; 2022: $2.12)
(b)		Working Capital. (2021: 85,000; 2022: 113,000)
(c)		Current ratio. (2021: 2.2:1; 2022: 2.5:1)
(d)		Debt to assets ratio. (2021: 23.4%; 2022: 20.4%)
(e)		Free cash flow. (2021: $3,000; 2022: 17,000)

(f) Discuss briefly the improvement or lack thereof in financial position and operating results from 2021 to 2022 of Danke Corporation