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The condensed financial statements of Sheridan Company for the
years 2016 and 2017 are presented as follows. (Amounts in
thousands.)
SHERIDAN COMPANY
Balance Sheets
December 31
2017
2016
Current assets
Cash and cash equivalents
$330
$360
Accounts receivable (net)
660
590
Inventory
660
590
Prepaid expenses
120
160
Total current assets
1,770
1,700
Investments
200
200
Property, plant, and equipment (net)
420
380
Intangibles and other assets
530
510
Total assets
$2,920
$2,790...