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a ) Compute the following ratios for 2 0 2 1 ?and 2 0 2 2 . ( Round Asset turnover and Earnings per
aCompute the following ratios for ?and Round Asset turnover and Earnings per share to ?decimal places, eg ?Round payout ratio and debt to assets ratio to ?decimal places, eg ?Round all other answers to ?decimal place, eg ?or ? profit margin Gross profit Asset turnover Earnings per share? price earning ratio? payout ratio ?debt to assets ratio
Blossom Corporation Balance Sheets December 31 2022 2021 2020 Cash $29,600 $17,400 $ 18,900 Accounts receivable (net) 50,500 45,800 48,800 Other current assets 89,300 94,900 63,700 Investments 56,000 69,500 45,100 Property, plant, and equipment (net) 499,800 370,100 357,000 $725,200 $597,700 $533,500 Current liabilities $84,900 $80,800 $69,100 Long-term debt 145,300 84,600 50,400 Common stock, $10 par 372,000 311,000 312,000 Retained earnings 123,000 121,300 102,000 $725,200 $597,700 $533,500 Blossom Corporation Income Statement For the Years Ended December 31 2022 2021 Sales $744,500 $605,500 Less: Sales returns and allowances 40,400 29,100 Net sales 704,100 576,400 Cost of goods sold 426,400 369,500 Gross profit 277,700 206,900 Operating expenses (including income taxes) 186,167 149,260 Net income $91,533 $57,640 K
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