Question 3 of 5 -/8 E View Policies Current Attempt in Progress Condensed statement of financial position and income statement data for Pronghorn Corporation are presented here. PRONGHORN CORPORATION Statement of Financial Position December 31 Assets 2018 Cash $30,000 Accounts receivable (net) 70,000 Other current assets 84.000 Long-term investments 70,000 Property, plant, and equipment (net) 501.000 Total assets $755,000 2017 $1.000 69,000 68,000 69,000 478,000 $685.000 Liabilities and Shareholders'Equity Current liabilities Non-current liabilities Common shares Retained earnings Total liabilities and shareholders' equity $76,000 78,000 321.000 280,000 $755,000 $68,000 92,000 300,000 225.000 $685.000 PRONGHORN CORPORATION Income Statement Year Ended December 31 2018 2017 Sales $746,000 $678,000 Cost of goods sold 438,000 390,000 Operating expenses 225.000 214,000 Income before income tax 83,000 74,000 Income tax expense 19,000 9,000 Net income $64,000 $65,000 Additional information: Cash provided by operating activities Dividends paid Weighted average number of common shares 2018 $93.000 $30,000 26,000 2017 $66.000 $19.000 20.000 Weighted average number of common shares >30,000 26,000 $19.000 20,000 Calculate basic earnings per share for 2018 and 2017. (Round answers to 2 decimal places, es 15.25) 2018 2017 Basic earnings per share $ 2.46 $ 3.25 e Textbook and Media Calculate working capital for 2018 and 2017. 2018 2017 Working capital $ 108,000 $ 70,000 eTextbook and Media Calculate the current ratio for 2018 and 2017. (Round answers to 1 decimal place, es. 15.2) 2018 2017 Current ratio 24 20 : 1 eTextbook and Media Calculate the debt to total assets ratio for 2018 and 2017. (Round answers to 1 decimal place, s. 15.2%) 2018 2017 Debt to total assets ratio 10.1 % 9.9 X e Textbook and Media