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Problem 2-6A Condensed balance sheet and income statement data for Sheffield Corp. are presented as follows Sheffield Corp Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholder Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2017 2016 83,300 103,300 62,000 523,300 $803,040 $31,140 23,140 75,300 86,300 60,000 483,300 728,040 s' Equity $78,140 73,140 103,300 313,300 238,300 $803,040 $728,040 93,300 343,300 288,300 Sheffield Corp. Income Statements For the Years Ended December 31 2017 2016 Sales revenue Cost of goods sold Operating expenses (including income taxes) Net income $778,000 $707,000 440,000400,000 240,000 220,000 $98,000 87,000 Additional information: Net cash from operating activities Cash used for capital expenditures Dividends paid on common shares Weighted-average number of shares outstanding $115,340 $59,140 $48,140 $38,000 $48,000 $18,140 30,000 33,000 Compute these values and ratios for 2016 and 2017. (Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2016 2017 (a) Earnings per share. (b) Working capital.$ (c) Current ratio. (d) Debt to assets ratio. (e) Free cash flow

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