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The following information (in $000) has been obtained from Cullumber Limited's financial statements for the fiscal years ended December 31. 2020 2019 2018 Total assets
The following information (in $000) has been obtained from Cullumber Limited's financial statements for the fiscal years ended December 31. 2020 2019 2018 Total assets $737 $584 $510 Current liabilities 88 88 76 Total liabilities 248 160 165 Total shareholders' equity 489 434 399 Income before taxes 91 64 49 Interest expense 10 6 5 Net cash provided by operating activities 119 101 92 Net income 62 48 36 Capital expenditures for the year 30 20 15 Number of common shares outstanding 60 60 60 Taken from stock market at Dec. 31 Market price per share (not in $000) $16.10 $12.33 $12.10 There were no preferred shares issued by Cullumber nor were there any dividends paid in any of the three years. Calculate the following items for Cullumber Limited. (Round price earnings ratio, times interest earned ratio and free cash flow to operating cash flows answers to 1 decimal place, e.g. 52.7 and other answers to 2 decimal places, e.g. 52.75.) 2019 2020 1. Current cash debt coverage ratio for fiscal years 2019 and 2020. times times 2. Cash debt coverage ratio for fiscal years 2019 and 2020. times times 3. Earnings per share for fiscal years 2019 and 2020. $ $ $ 4. Price earnings ratio for fiscal years 2019 and 2020. times times 5. Times interest earned ratio for fiscal years 2019 and 2020. times times 6. Free cash flow to operating cash flows for fiscal years 2019 and 2020. % % Question Part Score --/1 Comment on whether there has been improvement or deterioration from 2019 to 2020 in the six ratios calculated. Take the perspective of Cullumber's management. 1. Current cash debt coverage ratio for fiscal years 2019 and 2020. 2. Cash debt coverage ratio for fiscal years 2019 and 2020. 3. Earnings per share for fiscal years 2019 and 2020. 4. Price earnings ratio for fiscal years 2019 and 2020. 5. Times interest earned ratio for fiscal years 2019 and 2020. 6. Free cash flow to operating cash flows for fiscal years 2019 and 2020 Question Part Score --/1
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