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

Instructions

Compute these values and ratios for 2024 and 2025.

a. Earnings per share.

b. Working capital.

c. Current ratio.

d. Debt to assets ratio.

e. Based on the ratios calculated, discuss briefly the improvement or lack thereof in financial position and operating results from 2024 to 2025 of Danke Corporation.

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Danke Corporation Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2025 $ 28,000 70,000 90,000 62,000 510,000 $760,000 $ 75,000 80,000 330,000 275,000 $760,000 2024 $ 20,000 62,000 73,000 60,000 470,000 $685,000 $ 70,000 90,000 300,000 225,000 $685,000