Question
Based on the balance sheet for blossom company and additional information provided for 2025. Compute the following ratios December 31, 2025.Current ratioAccounts receivable turnoverAverage collection
Based on the balance sheet for blossom company and additional information provided for 2025. Compute the following ratios December 31, 2025.Current ratioAccounts receivable turnoverAverage collection period In days. Inventory turnover Days in inventory Free cash flow Additional information for 2025 is 1. ? Net income was $26,5002. Sales on account were $?355,000. Sales returns and allowances amounted to $29,0003. Cost of goods sold was $204,0004. Net cash provided by operating activities was $51,0005. Capital expenditures were $25,000, and cash dividends paid were $10,5006. The bonds payable are due in 2038
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