Exercise 12-8 (Part Level Submission) Blossom Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Blossom Medical As of December 31 352,000 ,400 1,0o0,D00 receivable,n nventory Total current asets Property, plant, & equipment, 2,450,300 2.121,00 8440,300 Liabilaies and Stackhelders Equity Cument lab Long-term debt $3,155,000 $2846,000 o360 ,857,600 Total lablities 58.900 03,800 354 82 823,300 $12,216,470 $10.561.900 58,900 Retained eamings 358,870 Total stackholders equity Total sabates and stoooiders' equity Blossom Medical Comparative Income Statement and Statement of Retained Earnings For the Year Sales revenue (a on acceunt Cost of goods sold Gress pref Operacing espenses 10,877,200 5611,600 9,613,900 5,298,700 nterest expense 1425.100 Net income S960, 750 Preferred dividends 13,000 Total dividends paid Net income retained Retaned eamings, beginning ef year 4,770 60 600 3,142,300 eamings, end of year (a-d) Calculate the following liquidity ratios for 2016. (If working capital is negative then enter with a negative sign preceding the number or parentheses, e.g.-15,000 or (15,000). Round all answers except working capital to 2 decimal places, e.g. 2.55.) Current ratie Click ifyou Wark for this erestion