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The condensed financial statements of Sheridan Company for the years 2021 and 2022 are as follows. begin{tabular}{lrr} Current liabilities & $840 & $810 Long-term

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed The condensed financial statements of Sheridan Company for the years 2021 and 2022 are as follows. \begin{tabular}{lrr} Current liabilities & $840 & $810 \\ Long-term liabilities & 580 & 480 \\ Stockholders' equity-common & 1,060 & 1,060 \\ Total liabilities and stockholders' equity & $2,480 & \( \underline{\hline} \) \end{tabular} SHERIDAN COMPANY Income Statements For the Year Ended December 31 (in thousands) Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2020, was \$430.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2020, were $2,830.) (e) Return on common stockholders' equity. (Equity on December 31, 2020, was \$980.) (f) Debt to assets ratio. (g) Times interest earned. 2022 2021 Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned. 1.8:1 6.77% % % % times 1.8:1 % % % times

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