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Blossom Company provides you with the following balance sheet information as of December 31, 2017 $9,200 $9.840 Current assets Long-term assets Total assets 21.680 11,200

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Blossom Company provides you with the following balance sheet information as of December 31, 2017 $9,200 $9.840 Current assets Long-term assets Total assets 21.680 11,200 Current liabilities Long-term liabilities Stockholders equity Total liabilities and stockholders' equity $30,880 9,840 $30,880 In addition, Blossom reported net income for 2017 of $12,800, income tax expense of $2,560, and interest expense of $1,066 Compute the current ratio and working capital for Blossom for 2017. (Round current ratio to 2 decimal places, e.g. 2.75 Enter negative amounts using either a negative sign preceding the number 4.8. -45 or parentheses e.s. (45).) Current ratio 93 :1 Working capital $ -640 Assume that at the end of 2017, Blossom used $2.460 cash to pay off $2,460 of accounts payable. How would the current ratio and working capital have changed? (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number 4.3.-45 or parentheses e.g. (45).) Current ratio :1 Working capital $ e Textbook and Media Compute the debt to assets ratio and the times interest earned for Blossom for 2017. (Round answers to 2 decimal places, e.. 2.75.) Debt to assets ratio :1 Times interest earned ratio times e Textbook and Media

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