Assets BLOSSOM COMPANY Balance Sheets December 31 2027 2026 Cash $ 72,250 $ 69,680 Debt investments (short-term) 52,000 41,000 Accounts receivable (net) 110,000 92,000 Inventory 234,000 166,000 Prepaid expenses 30,000 23,000 Land 131,000 131,000 Building and equipment (net) 260,000 187,000 Total assets $889,250 $709,680 Liabilities and Stockholders' Equity Notes payable (current) $171,950 $108,000 Accounts payable 64,000 54,000 Accrued liabilities 42,000 42,000 Bonds payable, due 2030 252,000 171,000 Common stock, $10 par 205,000 205,000 Retained earnings 154,300 129,680 Total liabilities and stockholders' equity $889,250 $709,680 BLOSSOM COMPANY Income Statements For the Years Ended December 31 2027 2026 Net sales $898,900 $792,000 Cost of goods sold 640,000 580,150 Gross profit 258,900 211,850 Operating expenses 195,977 150,786 Net income $ 62,923 $61,064 Additional information: 1. Inventory at the beginning of 2026 was $117,000. 2. Accounts receivable (net) at the beginning of 2026 were $88,000. 3. Total assets at the beginning of 2026 were $631,000. 4. No common stock transactions occurred during 2026 or 2027. 5. All sales were on credit. (a1) Compute liquidity and profitability ratios, and indicate the percentage change in liquidity and profitability ratios of Blossom Company from 2026 to 2027. (Round current ratio, asset turnover and earnings per share to 2 decimal places, eg 1.83, round % Change answers to O decimal places, e.g. 18 or 18% and all other answers to 1 decimal place, e.g. 1.8 or 1.8%. If % change is a decrease show the numbers as negative, e.g. -18% or (18%).) LIQUIDITY Current ratio Accounts receivable turnover Inventory turnover 2027 PROFITABILITY Profit margin Asset turnover Return on assets Earnings per share $ 2027 96 times 96 :1 times times $ 2026 2026 96 :1 % Change % times % times % Change % times % % % % %