The following are financial statements of Ohara Company.

Additional information: The net cash provided by operating activities for 2017 was $190,800. The cash used for capital expenditures was $92,000. The cash used for dividends was $31,000. The weighted-average number of shares outstanding during the year was 50,000.
Instructions
(a) Compute the following values and ratios for 2017. (We provide the results from 2016 for comparative purposes.)
(i) Working capital. (2016: $160,500)
(ii) Current ratio. (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)
(b) Using your calculations from part (a), discuss changes from 2016 in liquidity, solvency, and profitability.

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OHARA COMPANY Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold Selling and administrative expenses Interest expense Income tax expense Net income $2,218,500 1,012,400 906,000 78,000 69,000 153,100 OHARA COMPANY Balance Sheet December 31, 2017 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory $ 60,100 84,000 169,800 145,000 458,900 575,300 $1,034,200 Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable $ 160,000 35,500 195,500 200,000 395,500 Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings 350,000 288,700 638,700 $1,034,200 Total stockholders'equity Total liabilities and stockholders' equity