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need this asap! On January 1, 2025, Sheffield Corp. had these stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a
need this asap! On January 1, 2025, Sheffield Corp. had these stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $14 per share. May 15 Issued the shares for the stock dividend. Dec. 1 Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10,2026. Dec. 31 Determined that net income for the year was $365,000. (7) Your answer is incorrect. Calculate the payout ratio and return on common stockholders' equity. (Round answers to 1 decimai piace, es. 125 . Payout ratio % Return on common stockholders' equity %
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