0.6% / 1 View Policies Show Attempt History Current Attempt in Progress Sheridan Company provides you with the following balance sheet information as of December 31, 2022. Current assets $13.110 Current liabilities $13,680 Long-term assets 31.270 Long-term liabilities 17.020 Total assets $44.380 Stockholders' equity 13.680 Total liabilities and stockholders' equity $44.380 In addition, Sheridan reported net income for 2022 of $18,240, income tax expense of $3.648. and interest expense of $1.482 Your answer is correct. Compute the current ratio and working capital for Sheridan for 2022. (Round current ratio to 2 decimal places, eg. 2.75. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Current ratio 0.96 Working capital $ -570 e Textbook and Media Varmere ramena Question 1 of 5 0.67 / 1 E : Your answer is correct. Assume that at the end of 2022, Sheridan used $3,420 cash to pay off $3,420 of accounts payable. Compute the new ratios. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses eg. (45).) Current ratio 0.94 Working capital $ -570 e Textbook and Media * Your answer is incorrect X Your answer is incorrect. Compute the debt to assets ratio and the times interest eamed for Sheridan for 2022. (Round answers to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Debt to assets ratio % Times interest earned ratio times e Textbook and Media