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Current Attempt in Progress The following amounts were taken from the financial statements of Sheridan Company: 2017 2016 Total assets $794000 $960000 Net sales 700000

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Current Attempt in Progress The following amounts were taken from the financial statements of Sheridan Company: 2017 2016 Total assets $794000 $960000 Net sales 700000 610000 Gross profit 340000 320000 Net income 126000 114000 Weighted average number of common shares outstanding 60000 60000 Market price of common stock $40 $38 The profit margin ratio for 2017 is O 17% 16%. O 18%. 19%

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