Sheridan Company provides you with the following balance sheet information as of December 31, 2017.

Current assets $12,900

Current liabilities $13,700

Long-term assets 28,900

Long-term liabilities 14,500

Total assets $41,800

Stockholders' equity 13,600

Total liabilities and stockholders' equity $41,800

In addition, Sheridan reported net income for 2017 of $15,800, income tax expense of $2,900, 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.g. 2.75.
• Assume that at the end of 2017, Sheridan used $2,500 cash to pay off $2,500 of accounts payable. How would the current ratio and working capital have changed?(Round current ratio to 2 decimal places, e.g. 2.75.
• Compute the debt to assets ratio and the times interest earned for Sheridan for 2017.(Round answers to 2 decimal places, e.g. 2.75.)