The comparative statements of Sheridan Company are presented here. SHERIDAN COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,734,400 $1,610,000 Cost of goods sold 967,000 925,520 Gross profit 767,400 684,480 460,000 440,680 Selling and administrative expenses Income from operations 307,400 243,800 Other expenses and losses Interest expense 20,240 18,400 Income before income taxes 287,160 225,400 Income tax expense 86,148 67,620 Net income $ 201,012 $157,780 SHERIDAN COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 55,292 $ 59,064 Debt investments (short-term) 68,080 46,000 Accounts receivable 108,376 94,576 Inventory 115,920 Total current assets 106,260 Plant assets (net) 347,668 305,900 Total assets 597,080 478,676 Liabilities and Stockholders' Equity $944,748 $784,576 > > Question 3 of 4 347,668 305,900 Total current assets 597,080 478,676 Plant assets (net) $944,748 $784,576 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 147,200 $133,768 Income taxes payable 40,020 38,640 Total current liabilities 187,220 172.408 Bonds payable 202,400 184,000 Total liabilities 389,620 356,408 Stockholders' equity Common stock ($5 par) 266,800 276,000 Retained earnings 288,328 152.168 Total stockholders' equity 555,128 Total liabilities and stockholders' equity 428,168 $944,748 $784,576 All sales were on account. Net cash provided by operating activities for 2022 was $202,400. Capital expenditures were $125,120, an cash dividends were $64,852. Compute the following ratios for 2022. (Round all answers to 2 decimal places, eg. 1.83 or 1.83%) (a) Earnings per share 201,012 (b) Return on common stockholders equity 40.89 % (c) Return on assets 23.25 de (d) Current ratio 1.86 1 (e) Accounts receivable turnover 17.09 times (6) Average collection period 21.36 days (8) Inventory turnover 8.70 times (h) Days in inventory 41.93 days () 0 Times interest earned 15.19 times