Question 1. Ratios (40 points) The following data were taken from the 2017 and 2016 financial statements of Muskrat Company. (All numbers, including share data, are in thousands.) Show your work in order to receive partial credit if your answer is in error. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Capital expenditures Dividends paid on common stock Weighted average common shares outstanding 2017 $ 840,000 1,870,000 400,000 550,000 160,000 280,000 250,000 70,000 200,000 2016 $875,000 1,685,000 350,000 500,000 360,000 450,000 250,000 90,000 210,000 (a) Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2017 2016 Current ratio 1 : 1 (b) Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2017 2016 Earnings per share (c) Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%.) 2017 Debt to assets ratio % 2016 % (d) Calculate the free cash flow for each year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Enter amounts in thousands.) 2017 2016 Free cash flow % %