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Sheridan Corporation's comparative balance sheets are presented below. SHERIDAN CORPORATION Balance Sheets December 31 2020 2019 Cash $10,540 $3.700 Accounts receivable 14,450 23.900 Inventory 9,860
Sheridan Corporation's comparative balance sheets are presented below. SHERIDAN CORPORATION Balance Sheets December 31 2020 2019 Cash $10,540 $3.700 Accounts receivable 14,450 23.900 Inventory 9,860 8,300 Land 32,300 27,000 Building 77,500 77.500 Accumulated depreciation 16,500 13,200) Total $128,150 $127.200 Accounts payable $17,000 $28,400 Common stock ($5 par) 75,000 75,000 Retained earnings 36,150 23,800 Total $128,150 $127,200 Sheridan's 2020 income statement included net sales of $95,875, cost of goods sold of $63,560, and net income of $19.175. Compute the following ratios for 2020. (Round Current ratio, Accounts receivable turnover, Inventory turnover, Asset turnover and Earnings per share to 2 decimal places, e.g. 15.25 or 15.25%. Round Debt to assets ratio to 1 decimal place, e-g. 15.2%. Round other answers to O decimal places, e.g. 15 or 15%.) (a) Current ratio (b1) Accounts receivable turnover (b2) Average collection period days (c1) Inventory turnover (c2) Days in inventory days [d) Profit margin (e) Asset turnover [f) Return on assets (g) Return on common stockholders' equity % (h) Earnings per share Payout ratio
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