please answer part B

Compute liquidity and proftability ratios, and indicate the percentage change in liquidity and profitablity ratios of Sheridan Company from 2024 to 2025 . (Note: Not all profitability ratios cam be computed, nor can cash-basis ratios be computed.) (Round Curent rotia, Asset turnover and Eornings per share to 2 decimal ploces, eg. 15.50. Round % change to 0 decimal ploces, for es. 1%. Additional information: 1. Inventory at the beginning of 2024 was $115,000. 2. Accounts receivable (net) at the beginning of 2024 were $88,000. 3. Total assets at the beginning of 2024 were $639,000. 4. No common stock transactions occurred during 2024 or 2025. 5. All sales were on credit. The following financial information is for Sheridan Company. The following are three independent situations and a ratio that may be affected. For each situation, compuse the affected ratio (1) as of December 31.2025 , and (2) as of December 31 Total assets $877,000$710,000 Liabilities and Stockholders' Equity Notes payable (current) $171,000$108,000 Accounts payable 65,00050,000 Accrued liabilities 41,000 41,000 Bonds payable, due 2028 249,000 172,000 Common stock, \$10 par 207,000 207,000 Retained earnings 144,000132,000 Total liabilities and stockholders' equity $877,000 $710,000 Sheridan Company Income Statements For the Years Ended December 31 Net sales $896,000$796,000 Cost of goods sold 648,000574,000 Gross profit 248,000 222,000 Operatingexpenses 189.000 165,000 The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31,2025 , and (2) 35 of December 31 , 2026, and percentage change in each ratio after giving effect to the situation. (Round Debt to ossets ratio to 0 decimol ploces, eg 15 and round all other answers to 1 decimal place & intermedio colculation to two decimal places wherever required, es. 15.5. Round \% change to 0 decimal places, for es. 1% and if % change is a dectease show the numbers as negative, es. - 1% or (19)]