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Condensed balance sheet and income statement data for Sheffield Corporation are presented here. Additional information: 1. The market price of Sheffield's common stock was $7.00,$7.50,

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Condensed balance sheet and income statement data for Sheffield Corporation are presented here. Additional information: 1. The market price of Sheffield's common stock was $7.00,$7.50, and $8.50 for 2023,2024 , and 2025, respectively. 2. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. (a) Compute the following ratios for 2024 and 2025

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