Question

Problem 13-2A 

The comparative statements of Sheridan Company are presented here: 

SHERIDAN COMPANY Income Statements For the Years Ended December 31 

All sales were on account. Net cash provided by operating activities for 2019 was $ 239,000. Capital expenditures were $ 136,000, and cash dividends were $ 59,100 .

Compute the following ratios for 2019 . (Round free cash flow to o decimal places, e.g. 5, 275 and all other answers to 2 decimal places, e.g. 1.83 or 1.83%. Use 365 days for calculation.)

Answer 1