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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

a)Compute the following ratios for 2021 ?and 2022. (Round Asset turnover and Earnings per share to 2 ?decimal places, e.g. 1.65. ?Round payout ratio and debt to assets ratio to 0 ?decimal places, e.g. 18%. ?Round all other answers to 1 ?decimal place, e.g. 6.8 ?or 6.8%.)2021      2022profit margin Gross profit Asset turnover Earnings per share? price earning ratio? payout ratio ?debt to assets ratio
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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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