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Sheridan Company provides you with the following balance sheet information as of December 31, 2022. Current assets $13,110 Current liabilities $13,680 Long-term assets 31.270 Long-term

Sheridan Company provides you with the following balance sheet information as of December 31, 2022. Current assets $13,110 Current liabilities $13,680 Long-term assets 31.270 Long-term liabilities 17,020 Total assets $44,380 Stockholders' equity 13.680 Total liabilities and stockholders' equity $44,380 In addition, Sheridan reported net income for 2022 of $18,240, income tax expense of $3,648, and interest expense of $1,482. (a) Compute the current ratio and working capital for Sheridan for 2022. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio Working capital $ :1

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