Current Attempt in Progress The comparative statements of Sheridan Company are presented here. SHERIDAN COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,734,400 $1,610,000 Cost of goods sold 967,000 925,520 Gross profit 767,400 684,480 Selling and administrative expenses 460,000 440,680 Income from operations 307,400 243,800 Other expenses and losses Interest expense 20,240 18,400 Income before income taxes 287,160 225,400 Income tax expense 86,148 67,620 Net income $ 201,012 $ 157,780 Assets 2022 2021 Current assets Cash $55,292 $ 59,064 Debt investments (short-term) 68,080 46,000 Accounts receivable 108,376 94,576 Inventory 115,920 106,260 Total current assets 347,668 305,900 Plant assets (net) 597,080 478,676 Total assets $944,748 $784,576 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 147,200 $133,768 Income taxes payable 40,020 38,640 Total current liabilities 187,220 172,408 Bonds payable 202,400 184,000 Total liabilities 389,620 356,408 Stockholders' equity Common stock ($5 par) 266,800 276,000 Retained earnings 288,328 152,168 Total stockholders' equity 555,128 428,168 Total liabilities and stockholders' equity $944,748 $784,576 (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (i) Times interest earned times (j) Asset turnover times (k) Debt to assets ratio % (1) Free cash flow ta