We investigate impact of a sphere onto a floating elastic sheet and the resulting formation and evolution of wrinkles in the sheet. Following impact, we observe a radially propagating wave, beyond which the sheet remains approximately planar but is decorated by a series of radial wrinkles whose wavelength grows in time. We develop a mathematical model to describe these phenomena by exploiting the asymptotic limit in which the bending stiffness is small compared to stresses in the sheet. The results of this analysis show that, at a time t after impact, the transverse wave is positioned a radial distance r ∼ t 1/2 from the impactor, in contrast to the classic r ∼ t 2/3 scaling observed for capillary-inertia ripples produced by dropping a stone into a pond. We describe the shape of this wave, starting from the simplest case of a point impactor and subsequently addressing a finite-radius spherical impactor. We show also that the coarsening of wrinkles in the flat portion of the sheet is controlled by the inertia of the underlying liquid: short-wavelength, small-amplitude wrinkles form at early times since they accommodate the imposed solid deformation without significantly displacing the underlying liquid. As time progresses, the liquid accelerates and the wrinkles grow larger and coarsen. We explain this coarsening quantitatively using numerical simulations and scaling arguments. arXiv:1811.11288v2 [cond-mat.soft] 21 Dec 2018 2