Question 12 Complete the balance sheet of Sheridan Corporation. (Round answers to the nearest whole dollar, e.g. 125. Use 365 days for calculation.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Assets: Sheridan Corporation Balance Sheet as of December 31, 2017 Liabilities and Equity: Accounts payable and accruals Cash and marketable securities $ Accounts receivable Notes payable 300,000 Inventory Total current assets $ Total current liabilities Long-term debt $2,000,000 Net plant and equipment Common stock Retained earnings $1,250,000 Total assets $8,000,000 Total liabilities and equity $ You have the following information: Debt ratio DSO Current ratio Inventory turnover ratio Net sales Cost of goods sold 35 % 50 days 2.13 4.000 $3.27 million = $1.7630 million