Styles P2-SA Instructions (a) Compute the following values and ratios for 2017. (We provide the results from 2016 for comparative purposes.) 0) Working capital. (2016: $160,500) Working capital- current assets- current liabilities -$458,900-$195,500 -$263,400 The working capital is $263,400 (i) Current ratio. (2016: 1.65:1) Current ratio Curr ssets Current liabilities 0158,900 5195,500 -2.34:1 The current ratio is 2.34:1 (ii) Free cash flow. (2016: $48,700) Free cash flow -net cash provided by operating activities -Capital expenditures Cash dividends 190,800-S92,000-S31,000 -$67,800 The free cash flow is $67 800 Debt to assets ratio. (2016: 31%) Debt to ratio-Total liabilities (iv) Total assets -$395,500 $1,034,200 -38.24% The debt assets ratio is 38.24% (v) Earnings per share. (2016: $3.15) (b) Using your calculations from part (a), discuss changes from 2016 in liquidity, solvency, and profitability Earningeper share-Net income. Preferred divideands Weighted average number of common shares outstanding Earnings per share $153,100-50 $50,000 - $3.06 The calculated earning per share are $3.06 (B) Using your calculations from part (a), discuss changes from 2016 in liquidity, solvency, and profitability