The financial statements of Fast Corporation are presented here: Additional information: 1.

The financial statements of Fast Corporation are presented here:

The financial statements of Fast Corporation are presented here:
Additional information:
1.
The financial statements of Fast Corporation are presented here:
Additional information:
1.

Additional information:
1. Income available to common shareholders was $96,600.
2. The weighted average number of common shares was 40,000.
3. The share price at December 31 was $30.
Instructions
(a) Calculate the following values and ratios for 2018. The results for 2017 are provided for comparative purposes.
1. Working capital (2017: $78,000)
2. Current ratio (2017: 1.4:1)
3. Debt to total assets (2017: 51.5%)
4. Basic earnings per share (2017: $1.35)
5. Price-earnings ratio (2017: 10.8 times)
(b) Using the information in part E2.10A (a), discuss the changes in liquidity, solvency, and profitability between 2017 and 2018.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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