Condensed balance sheet and income statement data for Pratt Corporation are presented below.

Instructions
Compute the following values and ratios for 2009 and 2010.
(a) Earnings per share.
(b) Working capital.
(c) Current ratio.
(d) Debt to total assets ratio.
(e) Free cash flow.
(f) Based on the ratios calculated, discuss briefly the improvement or lack thereof in the financial position and operating results of Pratt from 2009 to2010.

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PRATT CORPORATION Balance Sheets December 31 2010 S 40,000 90,000 74,000 78,000 525,000 $807,000 2009 Assets Cash Receivables (net) Other current assets Long-term investments Plant and equipment (net) Total asscts 24,000 55,000 73,000 70,000 427,000 $649,000 Liabilities and Stockholders' Equit Current liabilitics Long-term debt 2010 93,000 90,000 370,000 254,000 $807,000 2009 75,000 70,000 340,000 164,000 Common stock Retained carnings Total liabilities and stockholders' equity $649,000 PRATT CORPORATION Income Statements For the Years Ended December 31 2010 760,000 420,000 200,000 140,000 2009 Sales Cost of goods sold Operating expenses (including income taxes) Net income 800,000 400,000 237,000 $163,000 Cash from opcrating activities Cash used for capital expenditures Dividends paid $165,000 85,000 50,000 $178,000 45,000 43,000 Avcrage number of shares outstanding 370,000 320,000