Correct the answers that are marked wrong, also, use the additional information to make sure the answers are right.

Ch.13 Homework Question 3 of 3 View Policies Show Attempt History Current Attempt in Progress The following financial information is for Blossom Company. Blossom Compa ny Balance Sheets December 31 8.57 / 30 Assets Cash Debt investments (short-term) Accounts receivable (net) Inventory prepaid expenses Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable (current) Accounts payable Accrued liabilities Bonds payable, due 2028 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity Blossom Company Income Statements For the Years Ended December 31 2025 $69,000 50,000 103,000 229,000 22,000 259.000 $861,000 $169,000 64,000 39,000 249.000 198,000 142.000 $861,000 2024 $64,000 39,000 89000 162,000 22,000 183,000 $688,000 $101,000 50,000 39,000 169,000 198,000 131,000 $688,000 sup PORT Net sales Cost of goods sold Gross profit O per ati ng expenses Net income Additional information: 2025 $880,000 640,000 240,000 190,000 $50,000 2024 $780,000 574,000 206,000 159,000 $47,000 2. 3. 4. 5. Inventory at the beginning of 2024 was $ 115,000. Accounts receivable (net) at the beginning of 2024 were $88,000. Total assets at the beginning of 2024 were $630,000. No common stock transactions occurred during 2024 or 2025. All sales were on credit. Your answer is partially correct. Compute liquidity and profitability ratios. and indicate the percentage change in liquidity and profitability ratios of Blossom Company from 2024 to 2025. (Note: Not all profitability ratios can be computed, nor can cash-basis ratios be computed.) (Round Curent ratio, Asset turnoser and Earnings share to 2 decirnal places, e.g. 15.50. Round % change to O decirnal places, for 1K Round all other to 1 decirnal place. e.g. 15.5. If % change is a decrease show the nurs as nqative, e.g. (1%).) 2025 2024 LIQUIDITY Current ratio Accounts receivable turnover Inventory turnover PROFITABILITY P roflt margin Asset turnover Return on assets Earnings per share eTextbook and Media Save for Later (b) % Change -12 4 % Change 2025 3 2024 3 times times Attempts: 3 Of 5 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above.