Current Attempt in Progress

Here is the income statement for Sheridan, Inc.

Sheridan, Inc. Income Statement For the Year Ended December 31, 2025
Net sales		$404,100
Cost of goods sold		234,000
Gross profit		170,100
Expenses (including $16,700 interest and $26,400 income taxes)		83,500
Net income		$86,600

Additional information:

1.		Common stock outstanding January 1, 2025, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.)
2.		The market price of Sheridan stock was $14 on December 31, 2025.
3.		Cash dividends of $22,900 were declared and paid.

Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%.)

a.		Earnings per share		$enter a dollar amount rounded to 2 decimal places
b.		Price-earnings ratio		enter a number of times rounded to 1 decimal place	times
c.		Payout ratio		enter percentages rounded to 1 decimal place	%
d.		Times interest earned		enter a number of times rounded to 1 decimal place	times

eTextbook and Media

Save for Later

Attempts: 0 of 15 used

Submit Answer