Please also do % change column on left!!

Thank you!!

The following financial information is for Blossom Company. BLOSSOM COMPANY Balance Sheets December 31 Assets 2022 Cash $ 72,250 Debt investments (short-term) 52,000 Accounts receivable 110,000 Inventory 234,000 Prepaid expenses 24,000 Land 131,000 Building and equipment (net) 260,000 Total assets $883,250 Liabilities and Stockholders' Equity Notes payable $171,950 Accounts payable 64,000 Accrued liabilities 42,000 Bonds payable, due 2025 252,000 Common stock, $10 par 205,000 Retained earnings 148,300 Total liabilities and stockholders' equity $883,250 2021 $ 69,680 41,000 92,000 166,000 23,000 131,000 187,000 $709,680 $108,000 54,000 42,000 171,000 205,000 129,680 $709,680 BLOSSOM COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue $898,900 $792,000 Cost of goods sold 640,000 580,150 Gross profit 258.900 211,850 Operating expenses 195.977 158,786 Net income $ 62,923 $ 53,064 (b) Your answer is partially correct. Ratio 1. The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022, and (2) as of December 31, 2023, after giving effect to the situation. (Round all answers to 1 decimal places, eg. 1.8 or 1.8%. 1 % change is a decrease show the numbers as negative, e.g.-1.83% or (1.83%).) Situation 18,000 shares of common stock were sold at par on July 1, 2023. Net Return on common stockholders' equity income for 2023 was $54,940, All of the notes payable were paid in 2023. All other liabilities remained Debt to assets ratio at their December 31, 2022 levels. Total assets on December 31, 2023, were $906,000 The market price of common stock was $9 and $13 on December 31, Price-earnings ratio 2022 and 2023, respectively. Net income for 2023 was $54,940, 2 3 2023 2022 Return on common stockholders' equity 1338 % 18.29 Debt to assets ratio 0.41 96 0.6 %6 Price earnings ratio 9.09 times 2.93 times e Textbook and Media Save for late Last saved 32 minutes ago Attempts: 1 of 3 used Submit Answer Additional information: 1. 2. 3. 4. 5. Inventory at the beginning of 2021 was $117,000. Accounts receivable (net) at the beginning of 2021 were $88,000. Total assets at the beginning of 2021 were $631,000. No common stock transactions occurred during 2021 or 2022. All sales were on account (a1) Your answer is correct Compute the liquidity and profitability ratios of Blossom Company for 2021 and 2022. (Round current ratio, asset turnover and earnings per share to 2 decimal places, es 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 1.8%. If % change is a decrease show the numbers as negative, e.g. - 1.83% or (1.83%)) 2022 2021 % Ch LIQUIDITY Current ratio 1.77 :1 1.92 :1 Accounts receivables turnover 8.9 times 8.8 times Inventory turnover 3.2 times times 2022 2021 % Change PROFITABILITY Profit margin 7 %6 %6 Asset turnover 1.13 times 1.18 times 4.24 Return on assets 7.9 % 7.9 O G