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Exercise 13-13 The condensed financial statements of Sheridan Company for the years 2016 and 2017...

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Exercise 13-13 The condensed financial statements of Sheridan Company for the years 2016 and 2017 are presented below SHERIDAN COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets $330 490 560 130 1,510 410 30 530 Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses $360 420 490 160 1,430 380 30 510 $2,480 $2,350 $810 480 1,060 $2,480 $2,350 Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common $840 580 1,060 Total liabilities and stockholders' equity

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