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5 Blossom Company provides you with thlowing balance sheet information as of December 31, 2017. Current assets $10,500 Current liablities Long-term assets 24,500 Long-term liabilities
5 Blossom Company provides you with thlowing balance sheet information as of December 31, 2017. Current assets $10,500 Current liablities Long-term assets 24,500 Long-term liabilities 11,500 11,500 12,000 Total assets ,000 ockholders' equity $35,000 Total liabilities and stockholders' equity in addition, Blossom reported net income for 2017 of $14,000, income tax expense of $2,800, and interest expense of Compute the current ratio and working capital for Blossom for 2017, negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either Cen Working capital LINK TO TEXT changed? (Round Assume that at the end of 2017, Blossom used $2,500 current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -4s or parentheses e.g. Current ratio cash to pay off $2,500 of accounts payable. How would the current ratio and working capital have Working capital
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