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The following information is available for Sheridan Company. 2022 2021 Current assets Total assets $60,270 $42,880 243,500 208,000 Current liabilities Total liabilities 24,500 33,500 70,615

The following information is available for Sheridan Company. 2022 2021 Current assets Total assets $60,270 $42,880 243,500 208,000 Current liabilities Total liabilities 24,500 33,500 70,615 74,880 Net income 82,800 50,110 Net cash provided by operating activities 92,800 58,800 Preferred dividends 6,640 6,640 Common dividends 5,800 4,300 Expenditures on property, plant, and equipment 29,800 14,800 Common shares outstanding at beginning of year 41,500 32,800 Common shares outstanding at end of year 77,500 42.800 (a) Compute earnings per share for 2022 and 2021 for Sheridan. (Round Earnings per share to 2 decimal places, e.g. $2.78.) (a) Compute earnings per share for 2022 and 2021 for Sheridan. (Round Earnings per share to 2 decimal places, e.g. $2.78.) Earnings per share $ 2022 2021 (b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to O decimalplaces, e.g. 15%.) Current ratio Debt to assets ratio 2022 (c) Compute free cash flow for each year. Free cash flow $ 2022 :1 % $ 2021 2021 :1 %

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