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The following information is available for Bridgeport Corp. Current assets 2017 2016 $ 70,000 $39,360 260,000 230,000 Total assets Current liabilities 28,000 32,800 Total liabilities
The following information is available for Bridgeport Corp. Current assets 2017 2016 $ 70,000 $39,360 260,000 230,000 Total assets Current liabilities 28,000 32,800 Total liabilities Net income Net cash provided by operating activities 91,000 74,875 90,000 4,000 3,000 23,000 105,800 32,500 56,000 4,000 1,500 16,000 Preferred dividends Common dividends Expenditures on property, plant, and equipment Shares outstanding at beginning of year 35,000 25,000 Shares outstanding at end of year 70,000 35,000 (a) Compute earnings per share for 2017 and 2016 for Bridgeport. (Round answers to 2 decimal places, e.g. 52.75.) 2017 2016 Earnings per share $ (b) Compute the current ratio and debt to assets ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2017 2016 Current ratio Debt to assets ratio % (c) Compute free cash flow for each year. 2017 2016 Free cash flow $
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