Prepare a statement of cash flows Compute free cash flows Assets Cash Accounts receivable SHERIDAN COMPANY Comparative

Prepare a statement of cash flows

Compute free cash flows

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Assets Cash Accounts receivable SHERIDAN COMPANY Comparative Balance Sheets December 31 Inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 2022 $37,900 32,100 31,000 59,500 (29,900) $130,600 $28,400 7,300 27,400 18,200 49,300 $130,600 2021 $20,200 19,600 20,400 77,800 (23,800) $114,200 $ 16,800 8,400 32,500 14,900 41,600 $114,200 Assets Cash Accounts receivable SHERIDAN COMPANY Comparative Balance Sheets December 31 Inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 2022 $37,900 32,100 31,000 59,500 (29,900) $130,600 $28,400 7,300 27,400 18,200 49,300 $130,600 2021 $20,200 19,600 20,400 77,800 (23,800) $114,200 $ 16,800 8,400 32,500 14,900 41,600 $114,200

Answer rating: 100% (QA)

Based on the provided information we can analyze the changes in the balance sheet and income statement of Sheridan Company Here are some key observati... View the full answer