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The following information is available for Cheyenne Corp.. 2022 2021 Current assets $ 56,880 $ 39,625 Total assets 242,000 207,000 Current liabilities 23,700 31,700 Total

The following information is available for Cheyenne Corp..

2022

2021

Current assets

$ 56,880 $ 39,625

Total assets

242,000 207,000

Current liabilities

23,700 31,700

Total liabilities

70,180 84,870

Net income

81,700 51,615

Net cash provided by operating activities

91,700 57,700

Preferred dividends

9,705 9,705

Common dividends

4,700 3,200

Expenditures on property, plant, and equipment

28,700 13,700

Common shares outstanding at beginning of year

42,000 31,700

Common shares outstanding at end of year

77,000 44,500

(a) Compute earnings per share for 2022 and 2021 for Cheyenne. (Round Earnings per share to 2 decimal places, e.g. $2.78.)

2022

2021

Earnings per share

$enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places

(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 0 decimalplaces, e.g. 15%.)

2022

2021

Current ratio

enter current ratio rounded to 2 decimal places :1 enter current ratio rounded to 2 decimal places :1

Debt to assets ratio

enter percentages rounded to 2 decimal places % enter percentages rounded to 2 decimal places %

(c) Compute free cash flow for each year.

2022

2021

Free cash flow

$enter a dollar amount $enter a dollar amount

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