The following financial information is for Sheridan Company. Sheridan Company Balance Sheets December 31 Assets 2022 2021 Cash $ 92,400 $ 85,800 Debt investments (short-term) 72,600 52,800 Accounts receivable (net) 137,280 118,800 Inventory 303,600 217,800 Prepaid expenses 33,000 30,360 Land 171,600 171,600 Building and equipment (net) 343,200 244,200 Total assets $1,153,680 $921,360 Liabilities and Stockholders' Equity Notes payable (current) $224,400 $158,400 Accounts payable 85,800 68,640 Accrued liabilities 52,800 52,800 Bonds payable, due 2025 330,000 224,400 Common stock, $10 par 264,000 264,000 Retained earnings 196,680 153,120 Total liabilities and stockholders' equity $1,153,680 $921,360 Sheridan Company Income Statement For the Years Ended December 31 2022 2021 Net sales $1,164,240 $1,042,800 Cost of goods sold 844,800 759,000 Gross profit 319,440 283,800 Operating expenses 250,800 220,440 Net income $ 68,640 $ 63,360 Additional information: 1. Inventory at the beginning of 2021 was $151,800. 2. Accounts receivable (net) at the beginning of 2021 were $113,520. 3. Total assets at the beginning of 2021 were $871,200. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on credit. Indicate, by using ratios, the change in liquidity and profitability of Sheridan Company from 2021 to 2022. (Round Current ratio, Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 2021 2022 LIQUIDITY Current ratio :1 :1 Accounts receivable turnover times times Inventory turnover times times PROFITABILITY Profit margin % % Asset turnover times times Return on assets % % Earnings per share $ $ $