Here and on page 85 are financial statements of Batcha Company.

Additional information: The cash provided by operating activities for 2012 was $190,800. The cash used for capital expenditures was $92,000. The cash used for dividends was $31,000. The average number of shares outstanding during the year was 50,000.Instructions(a) Compute the following values and ratios for 2012. (We provide the results from 2011 for comparative purposes.)(i) Working capital. (2011: $160,500)(ii) Current ratio. (2011: 1.65:1)(iii) Free cash flow. (2011: $48,700)(iv) Debt to total assets ratio. (2011: 31%)(v) Earnings per share. (2011: $3.15)(b) Using your calculations from part (a), discuss changes from 2011 in liquidity, solvency, andprofitability.

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BATCHA COMPANY Income Statement For the Year Ended December 31, 2012 Net sales $2,218,500 Cost of goods sold Selling and administrative expenses Interest expense Income tax expense 1,012,400 906,000 78,000 69,000 $ 153,100 Net income