The financial statements of Fast Corporation are presented here:

Additional information:
1. Income available to common shareholders was $96,600.
2. The weighted average number of common shares was 40,000.
3. The share price at December 31 was $30.
Instructions
(a) Calculate the following values and ratios for 2018. The results for 2017 are provided for comparative purposes.
1. Working capital (2017: $78,000)
2. Current ratio (2017: 1.4:1)
3. Debt to total assets (2017: 51.5%)
4. Basic earnings per share (2017: $1.35)
5. Price-earnings ratio (2017: 10.8 times)
(b) Using the information in part E2.10A (a), discuss the changes in liquidity, solvency, and profitability between 2017 and 2018.

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FAST CORPORATION Income Statement Year Ended December 31, 2018 Sales Expenses Operating expenses Interest expense Income before income taxes Income tax expense Net income $706,00o $564,00o 10.000574.000 132,000 35.400 $96,60o FAST CORPORATION Statement of Financial Position December 31, 2018 Assets Current assets Cash Held for trading investments Accounts receivable Supplies Property, plant, and equipment Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Income tax payable Current portion of mortgage payable Mortgage payable Total liabilities Shareholders' equity Common shares Retained earnings Total liabilities and shareholders' equity 44,1oo 64,930 126,200 18.620 $253,850 465.300 $719,150 $134,20o 10,350 12,000 $156,550 132.000 288,550 $100,00o 330,600 430.600 $719,150