The following information is available for Monty Corp. 2017 2016 Current assets $ 48,300 $ 47,850 Total assets 280,000 240,000 Current liabilities 23,000 33,000 Total liabilities 89,600 112,800 Net income 110,250 40,000 Net cash provided by operating activities 90,000 56,000 Preferred dividends 4,000 4,000 Common dividends 2,000 1,000 Expenditures on property, plant, and equipment 28,000 15,000 Shares outstanding at beginning of year 45,000 35,000 Shares outstanding at end of year 80,000 45,000 (a) Compute earnings per share for 2017 and 2016 for Monty. (Round answers to 2 decimal places, e.g. 52.75.) 2017 2016 Earnings per share $ . .80 $ 1.70 (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 1 1.45 |:1 Debt to assets ratio 23.79 % 33.25 % (c) Compute free cash flow for each year. 2017 2016 Free cash flow 86000 52000