Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is available for Ayayai Corp.. 2022 2021 Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating

image text in transcribedimage text in transcribed

The following information is available for Ayayai Corp.. 2022 2021 Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends $ 56,540 242,500 22,000 65,475 81,600 91,600 8.415 $ 39,060 206,600 31,500 103,300 46,845 57,600 8,415 3,100 13,600 Common dividends 4,600 28,600 Expenditures on property, plant, and equipment 42,400 Common shares outstanding at beginning of year Common shares outstanding at end of year 31,600 41,600 76,600 (a) Compute earnings per share for 2022 and 2021 for Ayayai. (Round Earnings per share to 2 decimal places, e.g. $2.78.) 2022 2021 Earnings per share 1.37 $ 1.28 (b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to O decimalplaces, e.g. 15%.) 2022 2021 Current ratio 2.57 :1 1.24 :1 Debt to assets ratio 27 % 50 % (c) Compute free cash flow for each year. 2022 2021 Free cash flow $ 49,985 $ 32,485

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Simplify Way Of Practicalise Auditing Profession

Authors: DR LUKMAN A ABATAN

1st Edition

B09YVKHT6X, 979-8800165050

More Books

Students also viewed these Accounting questions

Question

What types of sediment constitute the total load of a stream?

Answered: 1 week ago

Question

Organizing Your Speech Points

Answered: 1 week ago