Consensed statement of financial position and income statement data for Sheffield Corporation are presented here.

Condensed statement of financial position and income statement data for Sheffield Corporation are presented here. SHEFFIELD CORPORATION Statement of Financial Position December 31 Assets 2018 Cash $10,000 Accounts receivable (net) 65,000 Other current assets 88,000 Long-term investments 85,000 Property, plant, and equipment (net) 517.000 Total assets $765,000 2017 $34.000 60,000 77,000 64,000 460,000 $695,000 Liabilities and Shareholders' Equity Current liabilities Non-current liabilities Common shares Retained earnings Total liabilities and shareholders' equity $77,000 77,000 334,000 277,000 $765,000 $80,000 80,000 310,000 225,000 $695,000 SHEFFIELD CORPORATION Income Statement Year Ended December 31 2018 2017 Common shares Retained earnings Total liabilities and shareholders' equity 334,000 277.000 $765,000 310,000 225,000 $695,000 SHEFFIELD CORPORATION Income Statement Year Ended December 31 2018 Sales $745,000 Cost of goods sold 442,000 Operating expenses 223.000 Income before income tax 80,000 Income tax expense 14,000 Net income $66,000 2017 $668,000 391,000 202,000 75,000 16,000 $59,000 Additional information: Cash provided by operating activities Dividends paid Weighted average number of common shares 2018 $83,000 $30,000 33,000 2017 $66,000 $11,000 26,000 Question 3 of 5 -/8 Cash provided by operating activities Dividends paid Weighted average number of common shares $83,000 $30,000 33,000 $66,000 $11,000 26,000 Calculate basic earnings per share for 2018 and 2017. (Round answers to 2 decimal places, e.g. 15.25.) 2018 2017 Basic earnings per share $ eTextbook and Media Calculate working capital for 2018 and 2017 2018 2017 Working capital $ $ e Textbook and Media e Textbook and Media Calculate the current ratio for 2018 and 2017. (Round answers to 1 decimal place, e.g. 15.2.) 2018 2017 Current ratio :1 : 1 eTextbook and Media Calculate the debt to total assets ratio for 2018 and 2017. (Round answers to 1 decimal place, e.g. 15.2%.) 2018 2017 %6 Debt to total assets ratio %6 eTextbook and Media Attempts: 0 of 1 used Submit Answer Save for Later