Homework Answers
A) Earnings per Share = (Net Income - Preferred Dividends) / Average No. of shares outstanding
| 2022 | 2021 | |
| Net Income | 82400 | 46795 |
| Preferred Dividends | 7525 | 7525 |
| Average No of Shares = (Opening + Closing No. of shares)/2 | 59900 | 37400 |
| Earnings per Share | $1.25/Share | $1.05/Share |
B) Current Ratio = Current Assets / Current Liabilities
| 2022 | 2021 | |
| Current Assets | 59690 | 45360 |
| Current Liabilities | 23500 | 32400 |
| Current Ratio | 2.54:1 | 1.4:1 |
Debt to Assets Ratio = Total Debt / Total Assets
| 2022 | 2021 | |
| Debt = Total Liabilities-Current Liabilities | 34700 | 40190 |
| Total Assets | 242500 | 207400 |
| Debt to Assets Ratio | 0.14 | 0.19 |
C) Free Cash Flow = Operating Cash Flow - Capital Expenditures
| 2022 | 2021 | |
| Operating Cash Flow | 92400 | 58400 |
| Capital Expenditures | 29400 | 14400 |
| Free Cash Flow | 63000 | 44000 |
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