Q1 The following information is available for Ozone Inc. 2017 2016 Current assets Total assets Current liabilities $ 89,000 410,000 41,000 $ 61,800 342,000 39,000 Total liabilities 121,000 151,000 Net income 110,000 60,000 Net cash provided by operating activities 120,000 80,000 Preferred dividends 10,000 15,000 Common dividends 10,000 2,500 Expenditures on PP&E 50,000 25,000 Shares outstanding at beginning of year 60,000 40,000 Shares outstanding at end of year 120,000 60,000 (a) Compute earnings per share for 2017 and 2016 for Ozone. Ozone's primary competitor, Frost Corporation, had earnings per share of $2 in 2017. (b) Compute the current ratio and debt to assets ratio for 2017 (c) Compute free cash flow for each year. Keep two decimal places for all answers