Condensed balance sheet and income statement data for Pharoah
Company are presented as follows. Pharoah Company Balance Sheets
December 31 Assets 2022 2021 Cash $ 27,500 $ 21,000 Receivables
(net) 79,000 56,500 Other current assets 138,300 125,500 Long-term
investments 63,000 61,000 Property, plant, and equipment (net)
555,000 485,000 Total assets $ 862,800 749,000 Liabilities and
Stockholders’ Equity Current liabilities $ 76,500 $ 70,000
Long-term liabilities 82,000 98,000 Common stock 337,000 308,500
Retained earnings 367,300 272,500 Total liabilities and
stockholders’ equity $ 862,800 $ 749,000 Pharoah Company Income
Statements For the Years Ended December 31 2022 2021 Sales
revenue $773,280 $696,200 Cost of goods sold 452,000 413,000
Operating expenses (including income taxes) 250,000 222,000 Net
income $ 71,280 $ 61,200 Additional information: Net cash provided
by operating activities $85,400 $52,000 Cash used for capital
expenditures $45,000 $37,000 Dividends paid $25,000 $14,000
Weighted-average common shares outstanding 33,000 30,000 Compute
these values and ratios for 2021 and 2022. (Round Earnings per
share to 2 decimal places, e.g. $2.78 and Current Ratio and Debt to
assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts
using either a negative sign preceding the number e.g. -45 or
parentheses e.g. (45).) 2022 2021 (a) Earnings per share. $ enter a
dollar amount for earnings per share for 2022 rounded to 2 decimal
places $ enter a dollar amount for earnings per share for 2021
rounded to 2 decimal places (b) Working capital. $ enter a dollar
amount for working capital for 2022 $ enter a dollar amount for
working capital for 2021 (c) Current ratio. enter the current ratio
for 2022 rounded to 1 decimal place :1 enter the current ratio for
2021 rounded to 1 decimal place :1 (d) Debt to assets ratio. enter
debt to assets ratio for 2022 in percentages rounded to 1 decimal
place % enter debt to assets ratio for 2021 in percentages rounded
to 1 decimal place % (e) Free cash flow. $ enter a dollar amount
for free cash flow for 2022 $ enter a dollar amount for free cash
flow for 2021
Condensed balance sheet and income statement data for Pharoah Company are presented as follows. Pharoah Company Balance
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