The following financial information is for Sheridan Company. Liabilities and Stockholders' Equity \begin{tabular}{|c|c|c|} \hline Notes payable & $171,000 & $108,000 \\ \hline Accounts payable & 65,000 & 50,000 \\ \hline Accrued liabilities & 41,000 & 41,000 \\ \hline Bonds payable, due 2022 & 249,000 & 172,000 \\ \hline Common stock, \$10 par & 207,000 & 207,000 \\ \hline Retained earnings & 144,000 & 132,000 \\ \hline Total liabilities and stockholders' equity & $877,000 & $710,000 \\ \hline \end{tabular} \begin{tabular}{|lcc|} \hline \multicolumn{2}{|c|}{\begin{tabular}{c} SHERIDAN COMPANY \\ Income Statements \end{tabular}} \\ For the Years Ended December 31 \\ \hline Sales revenue & 2019 & 2018 \\ \hline Cost of goods sold & $896,000 & $796,000 \\ Gross profit & 248,000 & 222,000 \\ Operating expenses & 189,000 & 165,000 \\ \hline Net income & $59,000 & $57,000 \\ \hline \end{tabular} Compute the liquidity and profitability ratios of Sheridan Company for 2018 and 2019. (Round all answers to 2 decimal place or 1.83%. If % change is a decrease show the numbers as negative, es. 1.83% or (1.83\%).) The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31,2019 , and (2) as of December 31, 2020, after giving effect to the situation, (Round alf answers to 2 decimal places, eg. 1.83 or 1.83%. If \% change is a decrease show the numbers as negative, es. 1.83% or (1.83\%)