Condensed balance sheet and income statement data for Sievert Corporation

 

Condensed balance sheet and income statement data for Sievert Corporation are presented here and on the next page.
SIEVERT CORPORATION Balance SheetsDecember 31  Assets                                     (2012 year)                                  2011 Cash                                                    $ 28,000                                  $ 20,000 Receivables (net)                                   70,000                                     62,000 Other current assets                  90,000                                     73,000 Long-term investments                          62,000                                     60,000 Plant and equipment (net)                  510,000                                   470,000 Total assets                                         $760,000                                 $685,000 Liabilities and Stockholders’ Equity Current liabilities                                     $75,000                                    $70,000 Long-term debt                                        80,000                                      90,000 Common stock                                      330,000                                    300,000 Retained earnings                                  275,000                                    225,000 Total liabilities and

 

 stockholders’ equity   $760,000                                  $685,000
                                    SIEVERT CORPORATION

 

                                        Income Statements

 

                                    For the Years Ended December 31 
                                                                2012                            2011 Sales                                                   $750,000                     $680,000 Cost of goods sold                              440,000                         400,000 Operating expenses

(including income taxes)                     240,000                         220,000
Net income                                         $70,000                        $ 60,000 Additional information: Cash from operating activities            $82,000                        $56,000 Cash used for capital expenditures $45,000               $38,000 Dividends paid                                       $20,000                       $15,000 Average number of shares outstanding 33,000                          30,000 Calculate –

A. Earnings per share

B. Working capital.

C. Current ratio.

D. Debt to total assets ratio

E. Free cash flow.

F. Based on the ratios calculated, discuss briefly the improvement or lack thereof in financial position and operating results from 2011 to 2012 of Sievert Corporation.