Problem 13-1A Here are comparative statement data for Sheridan Company and Crane Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Sheridan Company_ 2017 2016 $1,931,000 1,084,000 255,000 6,800 67,800 Crane Company 2017 2016 $561,000 296,000 91,000 2,400 32,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 691,067 1,116,816 140,609 241,659 $662,309 1,060,000 160,728 190,800 176,672 $ 168,470 296,223 266,721 74,938 64,196 62,794 53,000 Common stock, $10 par 1,060,000 365,615 1,060,000 310,781 254,400 80,764 254,400 63,596 Retained earnings Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2015, was $370.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2015, were $2,480.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $970.) (f) Debt to assets ratio. (g) Times interest earned. 2017 2016 Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned. times times