Problem 13-02A The comparative statements of Blossom Company are presented here. BLOSSOM COMPANY Income Statements For the Years Ended December 31 2022 Net sales $1,512,400 Cost of goods sold 847,000 Gross profit 665,400 Selling and administrative expenses 400,000 Income from operations 265,400 Other expenses and losses Interest expense 17,600 Income before income taxes 247,800 Income tax expense 74,340 Net Income $ 173,460 2021 $1,400,000 804,800 595,200 383,200 212,000 16,000 196,000 58,800 $ 137,200 BLOSSOM COMPANY Balance Sheets December 31 2022 2021 Assets Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable $ 48,080 59,200 94,240 100,800 302,320 519,200 $821,520 $ 51,360 40,000 82,240 92,400 266,000 416,240 $682,240 $ 128,000 34,800 $116,320 33,600 CALCULATOR PRINE 34,800 162,800 176,000 338,800 33,600 149,920 160,000 309,920 Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($4 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 232,000 250,720 482,720 $821,520 240,000 132,320 372,320 $682,240 All sales were on account. Net cash provided by operating activities for 2022 was $176,000. Capital expenditures were $108,800, and cash dividends were $55,060. Compute the following ratios for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) Earnings per share 2.99 $ (b) Return on common stockholders' equity 40.57% (c) Return on assets 23.07 % (d) Current ratio 1.86 :1 (e) Accounts receivable turnover times days (f) Average collection period (9) Inventory turnover times (h) Days in Inventory days (1) Times interest earned times 01) Asset turnover times 95 (k) Debt to assets ratio (1) Free cash flow $ Click If you would like to show Work for this question: Open Show Work