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The following information is available for Cullumber Company. Current assets 2022 2021 $ 64,770 $42,880 Total assets 243,500 208,500 Current liabilities Total liabilities 25,400

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The following information is available for Cullumber Company. Current assets 2022 2021 $ 64,770 $42,880 Total assets 243,500 208,500 Current liabilities Total liabilities 25,400 33,500 87,660 100,080 Net income 83,400 49,480 Net cash provided by operating activities 93,400 59,400 Preferred dividends 5,320 5,320 Common dividends 6,400 4,900 Expenditures on property, plant, and equipment 30,400 15,400 Common shares outstanding at beginning of year 43,600 33,400 Common shares outstanding at end of year 78,400 43,400 (a) Compute earnings per share for 2022 and 2021 for Cullumber. (Round Earnings per share to 2 decimal places, e.g. $2.78.) Earnings per share $ 2022 2021 (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 decimal places, e.g. 15%.) Current ratio Debt to assets ratio 2022 :1 % 2021 :1 do % (c) Compute free cash flow for each year. Free cash flow $ 2022 +A 2021

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