P2-5B The financial statements of Divine Company are presented here. DEVOE COMPANY Income Statement For the Year Ended December 31, 2014 DEVOE COMPANY Balance Sheet December 31, 2014 Instructions (a) Compute the following values and ratios for 2014. (We provide the results from 2013 for comparative purposes.) (i) Current ratio. (2013: 2.4:1) (ii) Working capital. (2013: $178,000 ) (iii) Debt to assets ratio. (2013: 31\%) (iv) Free cash flow. (2013: $13,000) (v) Eamings per share. (2013: $1.35 ) (b) Using your calculations from part (a), discuss changes from 2013 in liquidity. solvency, and profitability