SHERIDAN COMPANY Balance Sheets December 31 Assets 2022 2021 Cash $ 70.750 $ 66,960 55,000 40,000 Debt investments (short-term) Accounts receivable 103,000 90,000 Inventory 229,000 169,000 Prepaid expenses 29.000 28,000 Land 132,000 132,000 Building and equipment (net) 259.000 184,000 Total assets $877.750 $ 709.960 Liabilities and Stockholders' Equity Notes payable $ 169.650 $ 102,000 Accounts payable 65.000 53.000 Accrued liabilities 41,000 41,000 Liabilities and Stockholders' Equity Notes payable $169,650 S 102.000 Accounts payable 65,000 53,000 41.000 41.000 251,000 Accrued liabilities Bonds payable due 2025 Common stock, $10 par Retained earning Total liabilities and stockholders equity 170,000 200.000 200,000 151,100 143.960 $877.750 $ 709.960 SHERIDAN COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue $878.150 $783.200 636.800 568.000 Cost of goods sold Gross profit 241350 215.200 Operating expenses 188661 160.376 Net income $ 52.689 $ 54,824 SHERIDAN COMPANY Income Statements For the Years Endel December 31 2022 2021 $783.200 $878 150 636.800 568.000 Sales revenue Cost of goods sold Gronprofit Operating expenses Net income 241350 215.200 188.661 160.376 $ 5268 554824 Additional information 1 2 3 Inventory at the beginning of 2021 was $115.000 Accounts receivable et the beginning of 2021 were 588.000 Total sets at the beginning of 2021 were $ 638,000 No common stock transactions occurred during 2021 or 2022 All sales were on account 4. 5. 2022 2021 XCI LIQUIDITY Current ratio 1 1 Accounts receivables turnover times times Inventory turnover times times 2022 2021 Change PROFITABILITY Profit margin Asset turnover times Return on assets Earnings per share 5 les AUTO maa SHERIDAN COMPANY Balance Sheets December 31 Assets 2022 2021 Cash $ 70.750 $ 66,960 55,000 40,000 Debt investments (short-term) Accounts receivable 103,000 90,000 Inventory 229,000 169,000 Prepaid expenses 29.000 28,000 Land 132,000 132,000 Building and equipment (net) 259.000 184,000 Total assets $877.750 $ 709.960 Liabilities and Stockholders' Equity Notes payable $ 169.650 $ 102,000 Accounts payable 65.000 53.000 Accrued liabilities 41,000 41,000 Liabilities and Stockholders' Equity Notes payable $169,650 S 102.000 Accounts payable 65,000 53,000 41.000 41.000 251,000 Accrued liabilities Bonds payable due 2025 Common stock, $10 par Retained earning Total liabilities and stockholders equity 170,000 200.000 200,000 151,100 143.960 $877.750 $ 709.960 SHERIDAN COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue $878.150 $783.200 636.800 568.000 Cost of goods sold Gross profit 241350 215.200 Operating expenses 188661 160.376 Net income $ 52.689 $ 54,824 SHERIDAN COMPANY Income Statements For the Years Endel December 31 2022 2021 $783.200 $878 150 636.800 568.000 Sales revenue Cost of goods sold Gronprofit Operating expenses Net income 241350 215.200 188.661 160.376 $ 5268 554824 Additional information 1 2 3 Inventory at the beginning of 2021 was $115.000 Accounts receivable et the beginning of 2021 were 588.000 Total sets at the beginning of 2021 were $ 638,000 No common stock transactions occurred during 2021 or 2022 All sales were on account 4. 5. 2022 2021 XCI LIQUIDITY Current ratio 1 1 Accounts receivables turnover times times Inventory turnover times times 2022 2021 Change PROFITABILITY Profit margin Asset turnover times Return on assets Earnings per share 5 les AUTO maa
