The following information is available for Tanaka Corporation.
(b) Compute the current ratio and debt to assets ratio for each year, and comment on the changes.
(c) Compute free cash flow for each year, and comment on the changes.
2018
2017
Current assets
$ 54,000
$ 36,000
Total assets
240,000
205,000
Current liabilities
22,000
30,000
Total liabilities
72,000
100,000
Net income
90,000
50,000
Net cash provided by operating activities
56,000
Preferred dividends
6,000
Common dividends
3,000
1,500
Expenditures on property, plant, and equipment
27,000
12,000
Shares outstanding at beginning of year
40,000
Shares outstanding at end of year
75,000
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