(b) Compute the following ratios and values. (Note: Sheffield's average number of shares outstanding during the year was 5.000) (Round current ratio to 2 decimal places, es. 15.55, debt to assets ratio to 1 decimal places, eg. 15,5% and earnings per share value to 2 decimal places, eg. 15.55.) 1. Current ratio Debt to assets ratio -1 2. % 3. Working capital Earnings per share value $ $ 4. e Textbook and Media List of Accounts 16.67/25 Assets ant Assets 1 23000 punts Receivable 8900 plies 5690 Current Assets 37590 arty, Plant and Equipment pment 42500 9 Accumulated Depreciation-Equipment -4900 37600 Bible Assets 12060 ints 87250 1 Assets Liabilities and Stockholders' Equity int Liabilities 17900 Junts Payable term Liabilities 17000 ds Payable 20 IF y, Plant and Equipment ment 42500 Accumulated Depreciation Equipment -4900 i 37600 ble Assets sts 12060 Assets 87250 Liabilities and Stockholders' Equity nt Liabilities unts Payable 17900 term Liabilities ds Payable 17000 i Liabilities 34900 holders' Equity imon Stock $ 25200 sined Earnings 27150 52350 Stockholders' Equity $ 87250 I Liabilities and Stockholders' Equity SHEFFIELD COMPANY Income Statement For the Year Ended December 31, 2022 55.000 Sales Revenue Cost of Goods Sold 28.400 Gross Profit 26.600 v Operating Expenses Depreciation Expense Salaries and Wages Expense $ 5,800 i 6,000 Total Operating Expenses 11.800 Income from Operations 14.800 Other Expenses and Losses 2.200 i Interest Expense 12,600 Net Income /(Loss) The following items are taken from the financial statements of Sheffield Company for the year ending December 31, 2022: Accounts payable Accounts receivable Accumulated depreciation-equipment Bonds payable Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Interest expense Patents Retained earnings, January 1, 2022 Salaries and wages expense Sales revenue Supplies $17.900 8,900 4.900 17,000 23,000 25,200 28,400 5.800 5,000 42,500 2,200 12.060 19,550 6,000 55,000 5,690