Condensed balance sheet and income statement data for Blossom Corporation are presented here. Cash Accounts receivable (net) Other current assets Investments Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings Sales Net sales Less: Sales returns and allowances Additional information: 1. 2. (a) (1) (3) (5) (2) Gross profit rate (6) Cost of goods sold Gross profit Operating expenses (including income taxes) Net income (7) Profit margin Blossom Corporation Balance Sheets December 31 Asset turnover Earnings per share Price-earnings ratio 2022 Payout ratio $ 30,000 50,500 Blossom Corporation Income Statement For the Years Ended December 31 Debt to assets ratio 89,100 54,900 $ 500,200 $724,700 $85,700 144,400 381,000 113,600 $724,700 2021 $ 16,000 44,200 94,500 71,000 370,800 $596,500 $79,400 2022 $596,500 $745,000 40,800 318,000 114,300 704,200 425,800 278,400 186,854 $91,546 2021 84,800 Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65. Round payout ratio and debt to assets ratio to O decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 9.5 34.5 1.07 The market price of Blossom's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. 1.86 94 28 % 2021 $606,000 30,200 575,800 $ 18,500 47,300 367,000 % 4.0 times % $532,800 $70,400 49,600 times 151,220 $57,580 % 357,000 208.800 2020 $532,800 64,200 45,800 302,000 110,800 $ 2022 12.3 % 37.4 % 1.13 times 2.62 3.2 101 32 times % %