The following information is available for Sheridan Company. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment Common shares outstanding at beginning of year Common shares outstanding at end of year 2022 $ 60,270 243,500 24,500 70,615 82,800 92,800 6,640 5,800 29,800 2021 $ 42,880 208,000 33,500 74,880 50,110 58,800 6,640 4,300 14,800 41,500 32,800 77,500 42,800 Please calculate earnings per share and free cash flow.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is available for Sheridan Company.
Current assets
Total assets
Current liabilities
Total liabilities
Net income
Net cash provided by operating activities
Preferred dividends
Common dividends
Expenditures on property, plant, and equipment
Common shares outstanding at beginning of year
Common shares outstanding at end of year
2022
$ 60,270
243,500
24,500
70,615
82,800
92,800
6,640
5,800
29,800
2021
$ 42,880
208,000
33,500
74,880
50,110
58,800
6,640
4,300
14,800
41,500
32,800
77,500 42,800
Please calculate earnings per share and free cash flow.
Transcribed Image Text:The following information is available for Sheridan Company. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment Common shares outstanding at beginning of year Common shares outstanding at end of year 2022 $ 60,270 243,500 24,500 70,615 82,800 92,800 6,640 5,800 29,800 2021 $ 42,880 208,000 33,500 74,880 50,110 58,800 6,640 4,300 14,800 41,500 32,800 77,500 42,800 Please calculate earnings per share and free cash flow.
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