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(h) Days in inventory days (i) Times interest earned times (j) Asset turnover 2 times (k) Debt to assets ratio 43.6 % (1) Free cash
(h) Days in inventory days (i) Times interest earned times (j) Asset turnover 2 times (k) Debt to assets ratio 43.6 % (1) Free cash flow $The comparative statements of Blossom Company are presented here. Blossom Company Income Statement For the Years Ended December 31 2022 2021 Net sales $1,818,700 $1,749,800 Cost of goods sold 1,007,700 987,000 Gross profit 811,000 762.800 Selling and administrative expenses 518,400 480,200 Income from operations 292,600 282,600 Other expenses and lossesOther expenses and losses Interest expense 11600 Income before income taxes 2?5,000 Income tax expense 80,180 Net income $ 194,820 14300 268300 71300 $ 191,000 Blossom Company Balance Sheets December 31 Assets 2022 2021 Current assets Cash $60,200 $64,200 Debt investments (short-term) 69,600 49.900 Accounts receivable (net) 117,400 101,300 Inventory 123,800 114,800 Total current assets 371,000 330,200Plant assets (net) 598,400 516,800 Total assets $969,400 $847,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,800 $145,500 Income taxes payable 42,300 42,200 Total current liabilities 203,100 187.700 Bonds payable 220,000 200,000 Total liabilities 423,100 387,700Stockholders' equity Common stock {$5 par} 277.700 295.300 Retained earnings 268.600 164.000 Total stockholders' equity 546.300 45 9.300 Total liabilities and stockholders' equity 5969.400 $841000 All sales were on credit. Net cash provided by operating activities for 2022 was $238,000. Capital expenditures were $134000. and cash dividends paid were $90,220. Com pute the following ratios for 2022. ( Round Earnings per share. Current ratio and Asset turnover to 2 decimal places, e3. 1.65 or 1. 65: 1, and all other answers to 1 decimal place. eg. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share to 3 (b) Return on common stockholders' equity % (c) Return on assets % (d) Current ratio 1.82 :1 (e) Accounts receivable turnover times (f ) Average collection period days (g) Inventory turnover times
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