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The financial information below was taken from the annual financial statements of Sheridan Videos: 2014 2013 Current assets $109,400 $105,800 Current liabilities 40,000 53,600 Total

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The financial information below was taken from the annual financial statements of Sheridan Videos: 2014 2013 Current assets $109,400 $105,800 Current liabilities 40,000 53,600 Total liabilities 173,200 176,400 Total assets 483,000 498,000 Net sales 519,000 536,000 Net credit sales 510,000 522,000 Cost of goods sold 286,800 276,000 Inventory 50,000 46,800 Receivables (net) 29,200 26,000 Dividends 8,400 10,800 Capital expenditures 14,600 20,000 Net income 49,200 38,400 Net cash provided by operating activities 31,400 36,800 The financial information below was taken from the annual financial statements of Sheridan Videos: 2014 2013 Current assets $109,400 $105,800 Current liabilities 40,000 53,600 Total liabilities 173,200 176,400 Total assets 483,000 498,000 Net sales 519,000 536,000 Net credit sales 510,000 522,000 Cost of goods sold 286,800 276,000 Inventory 50,000 46,800 Receivables (net) 29,200 26,000 Dividends 8,400 10,800 Capital expenditures 14,600 20,000 Net income 49,200 38,400 Net cash provided by operating activities 31,400 36,800

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