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Comparative financial statement data for Blossom Corporation and Pina Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Blossom
Comparative financial statement data for Blossom Corporation and Pina Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Blossom Corporation Pina Corporation 2022 2022 Net sales $2,232,000 $768,800 Cost of goods sold 1,457,000 421,600 Operating expenses 350,920 121,520 Interest expense 11,160 4,712 Income tax expense 105,400 44,640 Current assets 460,561 192,317 Plant assets (net) 659,680 173,263 Current liabilities 82,243 41,808 Long-term liabilities 134,540 50,448 Compute working capital and the current ratios for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Blossom Corporation Pina Corporation Working Capital Current Ratio :1
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