Sheridan Medical

Comparative Income Statement and Statement of Retained Earnings

For the Year

Sales revenue all on account

$

$

Cost of goods sold

Gross profit

Operating expenses

Net operating income

Interest expense

Net income before taxes

Income taxes

Net income

$

$

Dividends paid

Preferred dividends

Common dividends

Total dividends paid

Net income retained

Retained earnings, beginning of year

Retained earnings, end of year

$

$

Assets

Current assets

Cash

$

$

Accounts receivable, net

Inventory

Other current assets

Total current assets

Property, plant, & equipment, net

Total assets

$

$

Liabilities and Stockholders\' Equity

Current liabilities

$

$

Longterm debt

Total liabilities

Preferred stock, $by value

Common stock, $by value

Retained earnings

Total stockholders\' equity

Total liabilities and stockholders\' equity

$

$

Calculate the following liquidity ratios for If working capital is negative then enter with a negative sign preceding the number or parentheses, eg or Round all answers except working capital to decimal places, eg

$

a Working capital

b Current ratio

c Acidtest system

d Accounts receivable turnover

times