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Sheridan Corporation experienced a fire on December 31, 2022 in whith its financial records were partially destroyed, it has been able to salvage some of
Sheridan Corporation experienced a fire on December 31, 2022 in whith its financial records were partially destroyed, it has been able to salvage some of the records and has ascertained the following balances. Additional informatione 1. The irventory turnorer is 3.0 times. 2. The return on common stockholders' equity is 30 S. The company had no additional capital accounts. 3. The accounts rectivable turnover is 7.7 times. 4. The return on assets is 12.5%. 5. Total assels at Decenber 31, 2021, were $508,000. Compute the following for Sheridan Corporation Additional information: 1. The inventory turnover is 3.0 times. 2. The return on common stockholders' equity is 30%. The company had no additional capital accounts. 3. The accounts receivable turnover is 7.7 times. 4. The return on assets is 12.5%. 5. Total assets at December 31,2021 , were $598,000
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