Homework Answers
a. Earnings per share = ( Net income- Preferred dividend)/ Average outstanding shares
For 2017 =($113,375-$4,000)/($45,000+$80,000)/2
=$109,375/$62,500
=$1.75
For 2018 =($40,000-$4,000)/($35,000+$45,000)/2
=$36,000/$40,000
=$0.9
b.
Current ratio = Current Assets/ Current liabilities
For 2017 =$65,800/$28,000 =2.35
For 2016 =$49,590/$34,200 =1.45
Debt to Assets ratio = Total liabilities/ Total assets
For 2017 =$85,800/$260,000 =33%
For 2018 =$105,000/$210,000 =50%
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