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please help me with all parts In 2022, Blossom Corporation had net sales of $603,000 and cost of goods sold of $360,000. Operating expenses were
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In 2022, Blossom Corporation had net sales of $603,000 and cost of goods sold of $360,000. Operating expenses were $150,000, and interest expense was $7,000. The corporation's tax rate is 20%. The corporation declared preferred dividends of $11,000 in 2022 , and its average common stockholders' equity during the year was $156,000. (a) Prepare an income statement for Blossom Corporation. Question 7 of 10 14 $ Compute Blossom Corporation's return on common stockholders' equity for 2022. (Round answer to 1 decimal place, eg. 10.5\%.) Return on common stockholders' equity % Step by Step Solution
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