Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information is available for Pharoah Company. 2022 2021 Current assets Total assets Current liabilities Total liabilities $64,515 $41,500 243,200 208,500 25,500 33,200 85,120
The following information is available for Pharoah Company. 2022 2021 Current assets Total assets Current liabilities Total liabilities $64,515 $41,500 243,200 208,500 25,500 33,200 85,120 95,910 Net income 83,200 44,855 Net cash provided by operating activities 93,200 59,200 Preferred dividends 6,655 6,655 Common dividends 6,200 4,700 Expenditures on property, plant, and equipment 30,200 15,200 Common shares outstanding at beginning of year 43,200 33,200 Common shares outstanding at end of year 78,300 43,200 (a) Compute earnings per share for 2022 and 2021 for Pharoah. (Round Earnings per share to 2 decimal pla 2022 Earnings per share $ 2.2 2021 (a) Compute earnings per share for 2022 and 2021 for Pharoah. (Round Earnings per share to 2 decimal places, eg. $2.78.) 2022 Earnings per share $ 2.2 2021 (b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, eg. 15.25 and percentage answers to O decimalplaces, e.g. 15%.) Current ratio Debt to assets ratio 2022 2021 :1 :1 % % (c) Compute free cash flow for each year. Free cash flow 2022 2021 $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started