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Please Answer Correctly :) The comparative statements of Sheridan Company are presented here: SHERIDAN COMPANY Income Statements For the Years Ended December 31 SHERIDAN COMPANY
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The comparative statements of Sheridan Company are presented here: SHERIDAN COMPANY Income Statements For the Years Ended December 31 SHERIDAN COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (\$5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rrr} $169,100 & $154,500 \\ 45,600 & & 44,100 \\ & & 198,600 \\ 214,700 & & 211,000 \\ \hline 441,000 & & 409,600 \\ \hline \end{tabular} All sales were on credit. Net cash provided by operating activities for 2022 was $231,000. Capital expenditures were $136,000, and cash dividends paid were $56,700. Compute the following ratios for 2022. (Round earnings per share, current ratio and asset turnover to 2 decimal places, e.g. 1.83. Round return on common stockholders' equity, return on assets, accounts receivable turnover, average collection period, inventory turnover, days in ays for calculation.)Step by Step Solution
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