Question: X End of Chapter Practice CH 10 Question 4 View Policies Current Attempt in Progress Sheridan Company provides you with the following balance sheet information
X End of Chapter Practice CH 10 Question 4 View Policies Current Attempt in Progress Sheridan Company provides you with the following balance sheet information as of December 31, 2020 Current assets $10,150 Current liabilities $13,300 Long-term assets 26,300 Long-term liabilities 9,850 13,300 Stockholders' equity Total liabilities and stockholders' equity Total assets $36.450 $36.450 In addition, Sheridan reported net income for 2020 of $16.250, income tax expense of $3.200, and interest expense of $1,350. (Roun amounts using either a negative sin preceding the numbers-45 or parentheseses (451) Compute the current ratio and working capital for Sheridan for 2020, Current ratio Working capital 11.500
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