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Sheffield Company manufactures backpacks. During 2 0 2 5 , Sheffield issued bonds at 1 2 % interest and used the cash proceeds to purchase

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Sheffield Company manufactures backpacks. During 2025, Sheffield issued bonds at 12% interest and used the cash proceeds to
purchase treasury stock. The following financial information is available for Sheffield Company for the years 2025 and 2024.
(a)
Use the information above to calculate the following ratios for both years:
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