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Problem 13-1A (Part Level Submission) Here are comparative statement data for Sheridan Company and Crane...

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Problem 13-1A (Part Level Submission) Here are comparative statement data for Sheridan Company and Crane Company, two competitors. All Sheridan Company Crane Company 2017 2016 2017 2016 $1,874,000 Net sales Cost of goods sold 1,069,000 Operating expenses 266,000 Interest expense Income tax expense71,600 $563,000 281,000 91,000 2,500 35,000 8,100 Current assets Plant assets (net) Current liabilities Long-term liabilities170,985 488,963 $468,615 125,004 $ 119,201 790,200 750,000 209,592 188,718 99,488 113.723 53,022 45.422 135,00044,43037,500 Common stock, $10 par 750,000 750,000180,000180,000 Retained earnings 258,690 219,89357,14444,997

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