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Condensed balance sheet and income statement data for Wildhorse Co. are presented as follows. Wildhorse Co. Balance Sheets December 31 2017 2016 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders equity $ 32,660 82,400 102,400 62,000 522,400 $801,860 $24,660 74,400 85,400 60,000 482,400 726,860 $79,660 92,400 342,400 287,400 $ 801,860 $74,660 102,400 312,400 237,400 $726,860

Wildhorse Co. Income Statements For the Years Ended December 31 2017 2016 Sales revenue Cost of goods sold Operating expenses (including income taxes) Net income $795,000 $718,000 400,000 240,000 220,000 $ 115,000 $98,000 440,000 Additional information: Net cash from operating activities Cash used for capital expenditures Dividends paid on common shares Weighted-average number of shares outstanding $133,360 $60,660 S49,660 $38,000 S65,000 $19,660 33,000 30,000 Compute these values and ratios for 2016 and 2017, (Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2017 2016 (a) Earnings per share. (b) Working capital (c) Current ratio. (d) Debt to assets ratio. (e) Free cash flow

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S.no Particulars Formula 2017 2016 Net Income Preference dividend Weighted Average no. of shares o/s $115,000 $O 33,000 $98,000- $o/30,000 Earnings per Share 3.48 ($32,600+$82,400 + $102,400) -($24,660+ $74,400+$85,400) $79,660 3.27 $74,660 -$109,800 -$137,800 ($32,600+$82,400+ $102,400)/($24,660+ $74,400+$85,400)/ $79,660 b Working capital Current Assets - Current Liabilities $74,660 2.5:1 Current Assets/Current Liabilities Total debt/ Total Assets Net cash provided by Operating cash activities () $133,360 $49,660 Current Ratio 2.7:1 ($79,660+$92,400)/$801,860 ($74,660$102,400) $726,860 -21.5% Debt to Assets Ratio 24.4 % $60,660 - $38,000 e Free Cash Flow Cash used for Capital Expenditure - $83,700 $22,660

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