Exercise 13-09 Blossom Company has these comparative balance sheet data: BLOSSOM COMPANY Balance Sheets December 31 2020 2019 Cash Accounts receivable (net) Inventory Plant assets (net) $21,630 100,940 86,520 288,400 497,490 $ 72,100 144,200 201,880 79,310 497,490 $ 43,260 86,520 72,100 259,560 $461,440 86,520 144,200 173,040 57,680 $461,440 Accounts payable Mortgage payable (15%) Common stock, $10 par Retained earnings Additional information for 2020: 1. Net income was $32,400 2. Sales on account were $376,500. Sales returns and allowances amounted to $26,700 3. Cost of goods sold was $202,100 4. Net cash provided by operating activities was $59,100 5. Capital expenditures were $29,400, and cash dividends were $17,300 Compute the following ratios at December 31, 2020. (Round current ratio and inventory (a)