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Comparative financial statements for The Sheridan Company Ltd . are shown below. Additional information: 1 . All sales were on account. 2 . The allowance
Comparative financial statements for The Sheridan Company Ltd are shown below. Additional information: All sales were on account. The allowance for doubtful accounts was $ in and $ in On July shares were reacquired for $ per share and cancelled. In $ of dividends were paid to the common shareholders. Cash provided by operating activities was $ Cash used by investing activities was $ Calculate all possible liquidity, solvency, and profitability ratios for Round answers for collection period, days sales in inventory, operating cycle and free cash flow to decimal places, eg Round answer for earnings per share to decimal places, eg Round all other answers to decimal place, eg or Use days for calculation. Do not round intermediate calculations.
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