Question 3 Sheridan Company provides you with the following balance sheet information as of December 31, 2017. $13,200 14,900 11,800 $39,900 Current assets $12,400 Current liabilities Long-term assets 27,500 Long-term iabilities Total assets $39,900 Stockholders' equity Total labilities and stockholders' equity In addition, Sheridan reported net income for 2017 of $17,600, income tax expense of $3,200, and interest expense of $1,500 Compute the current ratio and working capital for Sheridan for 2017.(Round current ratio to 2 decimal places,e..2.75.Enter negotive amounts using either a negative sign preceding the number e..-45 or parentheses e.g. (45)) Current ratio Working capltal eTextbook and Media Assume that at the end of 2017, Sheridan used $2,900 cash to pay off $2.900 of accounts payable. How would the current ratio and working capital have changed? (Round current ratio to 2 decimal places, e2.75. Enter negative emounts using either o negotive sign preceding the number e.g4S er permthner"(451J Current ratio Assume that at the end of 2017. Sheridan used $2.900 cash to pay off $2,900 of accounts payable. How would the current ratio and working capital have changed? (Round current ratio to 2 decimal places, eg. 2.75. Enter negative amounts using either negative sign preceding the number 4-4S or parentheses es (45) Current ratio Working capital eTextbook and Media Compute the debt to assets ratio and the times interest earned for Sheridan for 2017,(Round answers to 2 decimal places, eg. 2.75J Debt to assets ratio Times Interest earned ratio times eTextbook and Media