SHERIDAN COMPANY For the Years Ended December 31 2022 2021 Net sales $2,141,400 $1.995,000 Cost of goods sold 1,187,000 1,166,960 Gross profit 954,400 828,040 555,640 Selling and administrative expenses 580,000 Income from operations 374,400 272,400 Other expenses and losses Interest expense 25,520 23,200 Income before income taxes 348,880 249,200 Income tax expense 104,664 74,760 Net income $ 244.216 $174.440 SHERIDAN COMPANY Balance Sheets December 31 2022 Assets 2021 Current assets Cash $ 69,716 $74,472 85,840 58.000 Debt investments (short-term) Accounts receivable 136,648 119.248 146.160 133.980 Inventory Total current assets 438.364 385,700 Plant assets Inet) 752.840 603,548 ee here to search 221 SHERIDAN COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $69.716 $ 74,472 Debt investments (short-term) 85,840 58,000 136,648 119,248 Accounts receivable Inventory 146,160 133,980 Total current assets 438.364 385,700 Plant assets (net) 752,840 603,548 Total assets $1,191,204 $989.248 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 185,600 $168,664 50.460 48.720 Income taxes payable Total current liabilities 236,060 255.200 217,384 232.000 Bonds payable 491.260 449,384 Total liabilities Stockholders' equity Common stock ($5 par) 336.400 348.000 Retained earnings 363 544 191 864 Total stockholders'equity 699.944539864 Total abilities and stockholders' equity 51191204 $989.248 Type here to search Gele ay E221 Ema B2 IUL assets $1,191,204 $989.248 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 185,600 $168,664 50,460 48,720 Income taxes payable Total current liabilities Bonds payable 236,060 217,384 255,200 232,000 491.260 449,384 Total liabilities Stockholders' equity Common stock ($5 par) 336,400 348,000 Retained earnings 363.544 191,864 Total stockholders' equity 699,944 539.864 Total liabilities and stockholders'equity $1,191,204 $989.248 All sales were on account. Net cash provided by operating activities for 2022 was $255,200. Capital expenditures were cash dividends were $72,536. Compute the following ratios for 2022. (Round all answers to 2 decimal places, s. 1.83 or 1.83%) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio e) Accounts receivable turnover 43.45 days in Average collection period Type here to search Goled a In bac Ernax el B2 999999933228 Total liabilities and stockholders' equity $1.191.204 $989,248 All sales were on account. Net cash provided by operating activities for 2022 was $255.200 Capital expenditures were cash dividends were $72,536. Compute the following ratios for 2022. (Round all answers to 2 decimal places, 1.83 or 1.83%) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio le) Accounts receivable turnover times (f) Average collection period days (B) Inventory turnover th) Days in inventory (i) Times interest earned Asset turnover (k) Debt to assets ratio 00) Free cash flow Asistance Use e Textbook and Media Textbook O e R - Type here to search Solid nee ay E221 So In Occ: clearance Emax B2
