The following are financial statements of Skysong, Inc..

Skysong, Inc.

Income Statement

For the Year Ended December 31, 2017 Net sales $2,236,200

Cost of goods sold 1,023,200

Selling and administrative expenses 921,500

Interest expense 95,500

Income tax expense 70,700

Net income$125,300

Skysong, Inc.

Balance Sheet

December 31, 2017 Assets Current assets

Cash$77,800

Debt investments 85,700

Accounts receivable (net) 185,400

Inventory 160,500

Total current assets 509,400

Plant assets (net) 586,100

Total assets $1,095,500

Liabilities and Stockholders' Equity Current liabilities

Accounts payable $177,700

Income taxes payable 37,200

Total current liabilities 214,900

Bonds payable 215,600

Total liabilities 430,500

Stockholders' equity

Common stock 360,800

Retained earnings 304,200

Total stockholders' equity 665,000

Total liabilities and stockholders' equity $1,095,500

Additional information: The net cash provided by operating activities for 2017 was $208,500. The cash used for capital expenditures was $102,800. The cash used for dividends was $32,700. 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.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

(i) Working capital.(2016: $160,500) (ii) Current ratio.(2016: 1.65:1) (iii) Free cash flow. (2016: $48,700) (iv) Debt to assets ratio. (2016:31%) (v) Earnings per share. (2016: $3.15)

(i)Working capital $____

(ii)Current ratio _____:1

(iii)Free cash flow $_____

(iv)Debt to assets ratio _____%

(v)Earnings per share $______