Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.)

		2022		2021
Net sales		$ 1,130,000		$ 1,137,500
Net income (loss)		71,316		61,438
Total assets		855,338		838,078
Share information
Shares outstanding at year-end		67,000,000		68,840,000
Preferred dividends		0		0

There were 75,720,000 shares outstanding at the end of 2020. (a) What was the companys earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.)

2022 :		$enter the companys earnings per share for 2017 in dollars rounded to 2 decimal places
2021 :		$enter the companys earnings per share for 2016 in dollars rounded to 2 decimal places

part b: The chief financial officer (CFO) of Cullumber Company requested that the accounting department prepare a preliminary balance sheet on December 30, 2022, so that the CFO could get an idea of how the company stood. He knows that certain debt agreements with its creditors require the company to maintain a current ratio of at least 2:1. The preliminary balance sheet is as follows.

Cullumber Company Balance Sheet December 30, 2022
Current assets
Cash		$ 26,900
Accounts receivable		27,400
Prepaid insurance		6,500		$ 60,800
Equipment (net)				201,400
Total assets				$ 262,200
Current liabilities
Accounts payable		$ 20,000
Salaries and wages payable		12,000		$ 32,000
Long-term liabilities
Notes payable				78,800
Total liabilities				110,800
Stockholders equity
Common stock		100,000
Retained earnings		51,400		151,400
Total liabilities and stockholders equity				$ 262,200

(a)

(a) Calculate the current ratio and working capital based on the preliminary balance sheet. (Round current ratio to 1 decimal place, e.g. 0.7 : 1.)

Current ratio			enter current ratio rounded to 1 decimal place	:1
Working capital		$	enter a dollar amount