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need help with this problem, thank you. i have attached it below The condensed financial statements of Blossom Company for the years 2016 and 2017
need help with this problem, thank you. i have attached it below
The condensed financial statements of Blossom Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) Balance Sheets December 31 2017 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equitycommon Total liabilities and stockholders' equity $330 670 500 120 1,620 210 420 530 $2,780 $1,100 450 1,230 $2,780 2016 $360 600 430 160 1,550 210 380 510 $2,650 $990 420 1,240 $2,650 BLOSSOM COMPANY Income Statements For the Year Ended December 31 Sales revenue Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net income 2017 $3,840 2016 $3,500 1,155 2,400 25 3,580 260 78 $ 182 1,090 2,330 20 3,440 60 18 $ 42 Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) (b ) (c) (d ) (e) (f) (g ) Current ratio. Inventory turnover. (Inventory on 12/31/15, was $420.) Profit margin. Return on assets. (Assets on 12/31/15, were $2,370.) Return on common stockholders' equity. (Stockholders' equity on 12/31/15, was $950.) Debt to assets ratio. Times interest earned. Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned. 2017 :1 2016 :1 % % % % times % % % % timesStep by Step Solution
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