The financial statements of Sheridan Company appear below: SHERIDANCOMPANY Comparative Balance Sheet December 31 Assets 2021 2020 Cash $39,000 $58,000 Debt investments 38,000 78,000 Accounts receivable (net) 68,000 48,000 Inventory 158,000 188,000 Property, plant and equipment (net) 215,300 218,000 Total assets $518,300 $590.000 Liabilities and stockholders' equity Accounts payable $43,000 $48,000 58.000 108,000 Short-term notes payable Bonds payable 93,000 178,000 178,000 163.000 Common stock 146,300 93,000 Retained earnings $518,300 $590,000 Total liabilities and stockholders' equity SHERIDANCOMPANY Income Statement For the Year Ended December 31, 2021 Net sales (all on credit) $468,000 Cost of goods sold 202.000 Gross profit 266,000 Expenses Interest expense $29.000 Selling expenses 48,000 Administrative expenses 38,000 115,000 Total expenses 151,000 Income before income taxes 42.700 Income tax expense Net income $108,300 Additional information: a. Cash dividends of $55,000 were declared and paid on common stock in 2021. b. The weighted average number of shares of common stock outstanding during 2021 was 55,000. C. The market price of common stock on December 31, 2021, was $16 per share. using the financial statements and additional information, compute the following ratios for the Sheridan Company for 2021. (Use 365 days for calculation. Round Inventory turnover answer to 2 decimal places, eg, 52.72. Other all answers to 1 decimal place, eg. 52.7.) 1 Current ratio :1 2. Return on common stockholders' equity % 3. Price-earnings ratio times 4. Inventory turnover :1 5. Accounts receivable turnover times 6. Times interest earned times 7. Profit margin %6 8. Days in inventory days % 9. Payout ratio % 10. Return on assets