s Problem 2-5 The following are financial statements of Vaughn Manufacturing. 7. Vaughn Manufacturing Income Statement For the Year Ended December 31, 2017 Net sales $2,230,600 Cost of goods sold 1,028,200 Selling and administrative expenses 924,400 Interest expense 90,300 Income tax expense 70,610 Net income $ 117,090 Vaughn Manufacturing Balance Sheet December 31, 2017 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets $ 72,200 85,610 189,000 162,400 509,210 591,100 $ 1,100,31b ! CALCULATOR $1,100,310 FULL SOLER HUNTER VERSION NEXT Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 172,100 37.110 209,210 219,200 428.410 365,800 306,100 671,900 $1,100,310 PULL SCREEN PRINTER VERSION LOK NEXT Additional information: The net cash provided by operating activities for 2017 was $202,900. The cash used for capital expenditures was $107,800. The cash used for dividends was $32,610. The weighted average number of shares outstanding during the year was 50,000. (a) Compute the following values and ratios for 2017. (We provide the results from 2016 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places, e.. 15.25 and Debt to assets ratio to I decimal place, .. 78.9%. Enter negative amounts using either a negative son preceding the number e.o. 45 or parentheses e..(45).) (0) Working capital (2016: $160,500) (1) Current ratio. (2016: 1.65:1) (in) Free cash flow. (2016: $48,700) (IV) Debt to assets ratio. (2016: 51%) (v) Camings per share. (2016: 13.15) (1) Working capital . (d) Current ratio 1 (l) Free cash flow $ (iv) Debt to assets ratio (v) Earnings per share $ Click if you would like to Show Work for this questions on Show Work