Question: Sheridan Compary has these comparative balance sheet data Additional information for 2022 : 1. Net income was $31,700. 2. Sales on account were $395,400. Sales

 Sheridan Compary has these comparative balance sheet data Additional information for

Sheridan Compary has these comparative balance sheet data Additional information for 2022 : 1. Net income was $31,700. 2. Sales on account were $395,400. Sales returns and allowances amounted to $29,700 3. Cost of goods sold was $226.500. 4. Net cash provided by operating activities was $58,400 5. Capital expenditures were $26,700, and cash dividends paid were $20500 The bonds payable are due in 2035 Compute the following ratios at December 31, 2022. (hound current ratio to 2 decimal ploces, eg 1.83. Round actounts receivoble tumove, ovensege collection period, inventory tumover and days in imventory to 1 decimal ploce, es 1.8 . Use 365 das for calablationt Enter negetive amounts using elther a negative sigs preceding the rumber es -45 or parentheses es. (45)

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