Here are comparative financial statement data for Sheridan Company and Karen Company, two competitors. All data...

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Here are comparative financial statement data for Sheridan Company and Karen Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Sheridan Company Karen Company 2022 2021 2022 2021 Net sales $1,866,000 $559,000 Cost of goods sold 1,059,888 297,388 Operating expenses 264,972 78,819 Interest expense 7,464 4,472 Income tax expense 54,114 6,149 Current assets 323,000 $311,200 82,000 $78,300 Plant assets (net) 521,400 501,200 138,300 125,100 Current liabilities 66,000 75,600 36,200 31,000 Long-term liabilities 108,200 90,200 29,000 24,600 Common stock, $10 par 496,000 496,000 122,000 122,000 Retained earnings 174,200 150,600 33,100 25,800 Here are comparative financial statement data for Sheridan Company and Karen Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Sheridan Company Karen Company 2022 2021 2022 2021 Net sales $1,866,000 $559,000 Cost of goods sold 1,059,888 297,388 Operating expenses 264,972 78,819 Interest expense 7,464 4,472 Income tax expense 54,114 6,149 Current assets 323,000 $311,200 82,000 $78,300 Plant assets (net) 521,400 501,200 138,300 125,100 Current liabilities 66,000 75,600 36,200 31,000 Long-term liabilities 108,200 90,200 29,000 24,600 Common stock, $10 par 496,000 496,000 122,000 122,000 Retained earnings 174,200 150,600 33,100 25,800

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