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need help with last part Condensed balance sheet and income statement data for Sheridan Company are presented as follows Sheridan Company Balance Sheets December 31
need help with last part
Condensed balance sheet and income statement data for Sheridan Company are presented as follows Sheridan Company Balance Sheets December 31 Assets 2022 2021 Cash $ 28,200 $ 22,000 Receivables (net) 87,000 57.500 Other current assets 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 348,000 302.000 334,700 218.700 Retained earnings Total liabilities and stockholders' equity $ 841,200 $ 684,700 Sheridan Company Income Statements For the Years Ended December 31 2022 2021 $779,280 $681,400 Sales revenue Cost of goods sold Operating expenses (including income taxes) 456,000 411,000 252.000 214,000 Net Income $ 71,280 $ 56,400 Additional information: $82,000 $ 52,000 $42.000 $ 35,000 Net cash provided by operating activities Cash used for capital expenditures Dividends pald Weighted average common shares outstanding $ 14,000 $ 21,000 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 elther a negative sign preceding the number eg -45 or parentheses eg. (451) 2022 2021 (a) 2.16 Earnings per share. $ $ 1.88 (b) Working capital $ 121,600 $ 91.000 (c) Current ratio. 2.60 :1 2.30 :1 (d) Debt to assets ratio. 18.84 22.95 % le) Free cash flow. $ 40,000 $ 17,000Step by Step Solution
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