(Solved): Calculate the liquidity ratios!3. receivables turnover???? net credit sales/average gross accounts r ...

Comparative financial statements for Sheridan and Concord Ltd. are shown below. Additlonal lefermation: 1. Seventy-five percent of the sales were on actount. 2. The a llowance for doubthul accounts was $\$4,000$ in $2024,55,000$ in 2023 , and $\$3,000$ in 2022 3. In 2004 and 2023 , divends of 53,000 and 58000 , respectivelv, were paid to the commen shareholderi. 4. Cash provided by operating activities was $\$103,500$ in 2024 and $\$124,000$ in 2023 . 5. Cash used by imeating activitien was $\$100,500$ in 2024 and $\$32.000$ in 2023 Calculate all possible liquidity, solvency, and profitability ratios for 2024 and 2023. (Round answers for collection period, doys sales in inventory, operating cycle and free cash fiow to 0 decimal ploces, es. 125. Round answer for earnings per share to 2 decimal ploces eg 1250. Round all other answers to 1 decimal ploce, eg. 12.5 or $12.5\%$ Enter negotive amount using either a negative sign preceding the mumber es -45 or parentheses es (45). Use 365 days for colculation.)