The following are financial statements of Metlock, Inc..

Metlock, Inc. Income Statement For the year ended December 31, 2017
net sales		$2,230,100
cost of goods sold		1,028,700
Selling and administrative expenses		916,600
Interest expenses		97,800
Income from tax expenses		70,080
Net income		$116,920

Metlock, Inc. Balance Sheet December 31, 2017
Assets
Current assets
Money		$71,700
debt investments		85,080
Accounts receivable (net)		188,000
Inventory		156,100
Total current assets		500,880
Plant assets (net)		591,600
total assets		$1,092,480
Liabilities and Equity
current liabilities
Accounts payable		$171,600
Income taxes payable		36,580
Total current liabilities		208,180
Obligations with the public		218,200
Full responsibility		426,380
stockholders' equity
Common actions		366,300
Retained earnings		299,800
Equity of total shareholders		666,100
Total liabilities and stockholders' equity		$1,092,480

Additional information: 

Net cash provided by operating activities for 2017 was $202,400. 

Cash used for capital expenditures was $108,300. 

Cash used for dividends was $32,080. 

The weighted average number of shares outstanding during the year was 50,000.

(A)	Calculate the following values and ratios for 2017. (We provide the 2016 results for comparison purposes.)

(I)		Working capital. (2016: $160,500) $
(ii)		current radius. (2016: 1.65:1) :
(iii)		Free cash flow. (2016: $48,700) $
(iv)		Debt to assets ratio. (2016: 31%) %
(v)		Earnings per share. (2016: $3.15) $

Answer rating: 100% (QA)

To calculate the requested values and ratios for 2017 well use the ... View the full answer