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Blossom Company provides you with the following balance sheet information as of December 31, 2017. Current assets Long-term assets Total assets $11,730 27.030 $38,760 Current
Blossom Company provides you with the following balance sheet information as of December 31, 2017. Current assets Long-term assets Total assets $11,730 27.030 $38,760 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $12,240 14,280 12,240 $38,760 In addition, Blossom reported net income for 2017 of $16,320, income tax expense of $3.264, and interest expense of $1,322 x Your answer is incorrect Compute the current ratio and workile 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 e.g. -45 or parentheses eg: (451) Current ratio Working capital $ Assume that at the end of 2017, Blossom used $3,060 cash to pay off $3,060 of accounts payable. How would the current ratio and working capital have changed? (Round current ratio to 2 decimal places, eg, 2.75. Enter negative amounts using either a negative sign preceding the number es -45 or parentheses es (45)) Current ratio 1 Working capital -510 Compute the debt to assets ratio and the times interest earned for Blossom for 2017. (Round answers to 2 decimal places, eg. 2.75.) Debt to assets ratio Times interest earned ratio times
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