Reference no: EM131823228
Question: The following are financial statements of Ohara Company.
Additional information: The net cash provided by operating activities for 2017 was $190,800. The cash used for capital expenditures was $92,000. The cash used for dividends was $31,000. The weighted-average number of shares outstanding during the year was 50,000.
Instructions: (a) Compute the following values and ratios for 2017. (We provide the results from 2016 for comparative purposes.)
(i) Working capital. (2016: $160,500)
(ii) Current ratio. (2016: 1.65:1)
(iii) Free cash flow. (2016: $48,700)
(iv) Debt to assets ratio. (2016: 31%)
(v) Earnings per share. (2016: $3.15)
(b) Using your calculations from part (a), discuss changes from 2016 in liquidity, solvency, and profitability.
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