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Please answer both questions would rate thank you Which of the following is not an advantage of the corporate form of business organization? O Favorable
Please answer both questions would rate thank you
Which of the following is not an advantage of the corporate form of business organization? O Favorable tax treatment. Easy to raise funds. O No personal liability. Easy to transfer ownership. The following information is available for Sheridan Company. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2022 $ 60,270 243,500 24,500 70,615 82,800 92,800 6,640 5,800 29,800 2021 $ 42,880 208,000 33,500 74,880 50,110 58,800 6,640 4,300 14,800 Common shares outstanding at beginning of year Common shares outstanding at end of year 41,500 77,500 32,800 42,800 (a) Compute earnings per share for 2022 and 2021 for Sheridan. (Round Earnings per share to 2 decimal places, eg. $2.78.) 2022 2021 Earnings per share $ $ (b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to decimalplaces, eg. 15%.) 2022 2021 Current ratio :1 :1 Debt to assets ratio % % (c) Compute free cash flow for each year. 2022 2021 Free cash flow $ $ TAStep by Step Solution
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