The following information (in $000) has been obtained from Patinka Limited's financial statements for the fiscal years ended December 31.

There are no preferred shares issued by Patinka.
Instructions
(a) Calculate the following items for Patinka Limited.
1. Current cash debt coverage ratio for fiscal years 2016 and 2017.
2. Cash debt coverage ratio for fiscal years 2016 and 2017.
3. Earnings per share for fiscal years 2016 and 2017.
4. Price earnings ratio for fiscal years 2016 and 2017.
5. Times interest earned ratio for fiscal years 2016 and 2017.
(b) Comment on whether there has been improvement or deterioration from 2016 to 2017 in the five ratios calculated. Take the perspective of Patinka's management.
(c) Would your answer in part (b) change if you were looking at the results from the perspective of an investor?

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2017 $735 85 240 495 90 10 119 72 70 2016 $590 80 165 425 62 2015 $514 82 170 399 57 Total assets Current liabilities Total liabilities Total shareholders' equity Income before taxes Interest expense Net cash provided by operating activities Net income Number of common shares outstanding Taken from stock market at Dec. 31 Market price per share (not in $000) 102 50 70 96 46 70 $16.50 $12.41 $11.80