Question
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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