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The following financial information is for Sheridan Company. Compute liquidity and profitability ratios, and indicate the percentage change in liquidity and profitability ratios of Sheridan Company from 2024 to 2025 , (Note Not all profitability ratios Round all other answers to 1 decimal place, es. 15.5. If % chonge is a decrease show the numbers as negative, es. - 1X or (194) Additional information: 1. Inventory at the beginning of 2024 was $115,000. 2. Accounts receivable (net) at the beginning of 2024 were $88,000. 3. Total assets at the beginning of 2024 were $639,000. 4. No common stock transactions occurred during 2024 or 2025. 5. All sales were on credit. (a) Compute liquidity and profitability ratios, and indicate the percentage change in liquictity and profitability ratios of Sheridan Co can be computed, nor can cash-basis ratios be computed.) (Round Curent ratio, Asset turnover and Earnings per share to 2 decimal pl Attempts: 0 of 3 \begin{tabular}{|lrr|} \hline \multicolumn{2}{|l}{ Liabilities and Stockholders' Equity } & \\ \cline { 1 - 1 } Notes payable (current) & $171,000 & $108,000 \\ \hline Accounts payable & 65,000 & 50,000 \\ \hline Accrued liabilities & 41,000 & 41,000 \\ \hline Bonds payable, due 2028 & 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}

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