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Condensed balance sheet and income statement data for Sheridan Company are presented as follows. Sheridan Company Balance Sheets December 31 Assets 2022 2021 $ 28,200
Condensed balance sheet and income statement data for Sheridan Company are presented as follows. Sheridan Company Balance Sheets December 31 Assets 2022 2021 $ 28,200 $ 22,000 Cash Receivables (net) Other current assets 87,000 57,500 82,400 81,500 Long-term investments 63,600 59,700 Property, plant, and equipment (net) 580,000 464,000 Total assets $ 841,200 684,700 Liabilities and Stockholders' Equity Current liabilities $ 76,000 $ 70,000 Long-term liabilities 82,500 94,000 Common stock 348,000 302,000 Retained earnings 334,700 218,700 Total liabilities and stockholders' equity $ 841,200 $ 684,700 Sheridan Company Income Statements For the Years Ended December 31 2022 2021 Sales revenue $ 779,280 $681,400 Cost of goods sold 456,000 411,000 Operating expenses (including income taxes) 252.000 214,000 Net income $ 71,280 $ 56,400 Additional information: Net cash provided by operating activities $ 52.000 $ 82,000 $ 42,000 Cash used for capital expenditures $ 35.000 Dividends paid $ 21,000 $ 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, eg. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, eg. 15.2. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) 2022 2021 (a) Earnings per share. $ $ (b) Working capital. $ (c) Current ratio. . :1 :1 (d) Debt to assets ratio. % % (e) Free cash flow. $ $
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