Comparative statement data for Omaz Company and Wise Company, two competitors, are presented below. All balance sheet data are as of December 31, 2014.

Instructions
(a) Compute the net income and earnings per share for each company for 2014.
(b) Comment on the relative liquidity of the companies by computing working capital and the current ratio for each company for 2014.
(c) Comment on the relative solvency of the companies by computing the debt to assets ratio and the free cash flow for each company for2014.

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Omaz Company Wise Company 2014 $450,000 225,000 130,000 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash provided by operating activities Capital expenditures Dividends paid 2014 $900,000 450,000 150,000 10,000 75,000 700,000 800,000 230,000 200,000 180,000 50,000 6,000 15,000 180,000 600,000 75,000 190,000 46,000 20,000 5,000 Average number of shares outstanding 200,000 500,000