Question: Condensed balance sheet and income statement data for Danke Corporation are presented as follows. Instructions Compute these values and ratios for 2016 and 2017. (a)

Condensed balance sheet and income statement data for Danke Corporation are presented as follows.

Instructions
Compute these values and ratios for 2016 and 2017.
(a) Earnings per share.
(b) Working capital.
(c) Current ratio.
(d) Debt to assets ratio.
(e) Free cash flow.
(f) Based on the ratios calculated, discuss briefly the improvement or lack thereof in financial position and operating results from 2016 to 2017 of Danke Corporation.

DANKE CORPORATION Balance Sheets Property, plant, and equipment (net) Liabilities and Stockholders' Long-term liabilities Total liabilities and stockholders' equity DANKE CORPORATION Income Statements For the Years Ended December 31 Operating expenses (including income taxes) Net cash provided by operating activities Cash used for capital expenditures Weighted-average number of shares outstanding

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