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Sheridan Company provides you with the following balance sheet information as of December 31,2022. In addition, Sheridan reported net income for 2022 of $18,240, income
Sheridan Company provides you with the following balance sheet information as of December 31,2022. In addition, Sheridan reported net income for 2022 of $18,240, income tax expense of $3,648, and interest expense of $1,480. (a) Compute the current ratio and working capital for Sheridan for 2022. (Round current ratio to 2 decimal places, es. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio :1 Working capital
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