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

Compute these values and ratios for 2021 and 2022. 

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 fi nancial position and operating results from 2021 to 2022 of Danke Corporation.

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Danke Corporation Balance Sheets December 31 2022 2021 Assets $ 20,000 62,000 $ 28,000 70,000 Cash Receivables (net) Other current assets 90,000 73,000 Long-term investments Property, plant, and equipment (net) 62,000 60,000 510,000 470,000 $685,000 Total assets $760,000 Liabilities and Stockholders' Equity $ 75,000 $ 70,000 Current liabilities Long-term liabilities 80,000 90,000 Common stock 330,000 300,000 Retained earnings Total liabilities and stockholders' equity 275,000 225,000 $760,000 $685,000 Danke Corporation Income Statements For the Years Ended December 31 2021 2022 Sales revenue $750,000 $680,000 Cost of goods sold Operating expenses (including income taxes) 440,000 400,000 220,000 240,000 $ 70,000 $ 60,000 Net income Additional information: $82,000 $45,000 $20,000 Net cash provided by operating activities Cash used for capital expenditures Dividends paid Weighted-average common shares outstanding $56,000 $38,000 $15,000 33,000 30,000