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. 2025 2024 Sales revenue Net income Interest expense $8,700,000 $8,700,000 2,409,500 2,693,125 500,000 140,000 Tax expense 590,500 680,875 Dividends paid on common stock 939,705 1,120,340 Dividends paid on preferred stock 340,000 340,000 Total assets (year-end) 14,000,000 16,500,000 Average total assets 15,250,000 17,375,000 Total liabilities (year-end) 5,992,000 2,953,500 Avg. total common stockholders' equity 24,440,000 36,660,000 Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e.g. 12.5 or 12.5%.) (1) Return on assets 2025 % 2024 % (2) Return on common stockholders' equity % % (3) Payout ratio % % % % (4) Debt to assets ratio times times (5) Times interest earned