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Accounting

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The following are financial statements of Pharoah Company. Pharoah Company Balance Sheet December 31, 2022 Assets Current assets Cash $58,200 Debt investments 90,000 Accounts receivable (net) 169,100 Inventory Total current assets 170,200 487,500 Plant assets (net) 573,000 Total assets $1,060,500 Liabilities and Stockholders' Equity. Eurrent liabilities Accounts payable $150,000 Income taxes payable 45,000 Total assets $1,060,500 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $150,000 45,000195,000207,990402,990 349,000 308,510 657,510 $1,060,500 Additional information: The net cash provided by operating activities for 2022 was $191,600. The cash used for capital expenditures was $89,500. The cash used for dividends was $30,100. The weighted-average common shares outstanding during the year was 50,000 (a) Compute the following values and ratios for 2022. (We provide the results trom 2021 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places, es. 15.25 and Debt to assets ratio to 1 decimal ploce, es. 78.9\% Enter negotive amounts using either a negative sign preceding the number eg. 45 or parentheses es. (45)) (i) Working capitat, (2021:$160,500) (ii) Current ratio, (2021:1.65:1) (iii) Free cash flow. (2021:\$48,700) (iv) Debt to assets ratio, (2021:31\%) (v) Earnings per share. (2021: $3.15) (i) Working capital \$ (ii) Currentratio i (iii) Freecash flow $ (iv) Debt to assets ratio % (v) Earnings per share $

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