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The condensed financial statements of Sheridan Company for the years 2021 and 2022 are as follows: Compute the following ratios for 2022 and 2021. Imventory

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The condensed financial statements of Sheridan Company for the years 2021 and 2022 are as follows: Compute the following ratios for 2022 and 2021. Imventory on December 31,2020, was $340. Assets on December 31, 2020, were $1,920. Stockholders' equity-common on December 31,2020 , was $900. (Round current ratlo ond irventory fumover to 2 decimal ploces, eg 15.25. Round other answers to 1 decimal ploce, es. 15.2 or 15.2\%J Compute the follewing ratios for 2022 and 2021. Inventory on December 31, 2020, was 5340 . Assets on December 31, 2020, were 51,920.5 tockholdersi equity - comamon on December 31,2020 , was $900. (Round cument ratlo and inventory tumover to 2 decimal places eg. 15.25, Round other arowers to 1 decimal ploce ey. 15.2 or 15.2\%)

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