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Blossom Company provides you with the following balance sheet information as of December 31, 2017 Current assets $12,900 Current liabilities $13,500 Long-term assets 26,500 Long

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Blossom Company provides you with the following balance sheet information as of December 31, 2017 Current assets $12,900 Current liabilities $13,500 Long-term assets 26,500 Long term liabilities 12.500 Total assets $39,400 Stockholders' equity 13,400 Total liabilities and stockholders' equity $39,400 In addition, Blossom reported net income for 2017 of $15,400 Income tax expense of $3,500, and interest expense of $1,600, Compute the current ratio and working capital for Blossom for 2017. (Round current ratio to 2 decimal places, es 2.75. Enter negative amounts using either a negative sign preceding the number 3.-45 or parentheses es (451 Current ratio 1 Working capital $ Compute the current ratio and working capital for Blossom for 2017. (Round current ratio to 2 decimal places, eg. 2.75. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (45)) Current ratio 1 Working capital $ Assume that at the end of 2017, Blossom used $3,100 cash to pay off $3,100 of accounts payable. How would the new ratios be? (Round current ratio to 2 decimal places, eg. 2.75. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses es. (453) Current ratio $1 Working capital $ Compute the debt to assets ratio and the times interest earned for Blossom for 2017. (Round answers to 2 decimal places, es. 2.75.) Debt to assets ratio :1 Times interest earned ratio times

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