Answer Happy

The comparative statements of Sheridan Company are
presented here.
SHERIDAN COMPANY
Income Statements
For the Years Ended December 31
2022
2021
Net sales
$1,734,400
$1,610,000
Cost of goods sold
967,000
925,520
Gross profit
767,400
684,480
Selling and administrative expenses
460,000
440,680
Income from operations
307,400
243,800
Other expenses and losses
Interest expense
20,240
18,400
Income before income taxes
287,160
225,400
Income tax expense
86,148
67,620
Net income
$ 201,012
$ 157,780
SHERIDAN COMPANY
Balance Sheets
December 31
Assets
2022
2021
Current assets
Cash
$ 55,292
$ 59,064
Debt investments (short-term)
68,080
46,000
Accounts receivable
108,376
94,576
Inventory
115,920
106,260
Total current assets
347,668
305,900
Plant assets (net)
597,080
478,676
Total assets
$944,748
$784,576
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable
$ 147,200
$133,768
Income taxes payable
40,020
38,640
Total current liabilities
187,220
172,408
Bonds payable
202,400
184,000
Total liabilities
389,620
356,408
Stockholders’ equity
Common stock ($5 par)
266,800
276,000
Retained earnings
288,328
152,168
Total stockholders’ equity
555,128
428,168
Total liabilities and stockholders’ equity
$944,748
$784,576
All sales were on account. Net cash provided by operating
activities for 2022 was $202,400. Capital expenditures were
$125,120, and cash dividends were $64,852.

Compute the following ratios for 2022.
(a) Earnings per share $ 3.77 (b) Return on common stockholders' equity 36.21 % (c) Return on assets 23.25 % (d) Current ratio 1.86 :1 (e) Accounts receivable turnover 17.09 times (f) Average collection period 21.36 days Inventory turnover 8.70 times (h) Days in inventory 41.93 days (0) Times interest earned 15.19 times 0) Asset turnover 2.01 times (k) Debt to assets ratio % (1) Free cash flow $ $