*Problem 13-2A The comparative statements of Blossom Company are presented here. BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales $1,899,640 $1,759,600 1,067,640 1,015,100 Cost of goods sold Gross profit 832,000 744,500 509,100 488,100 Selling and administrative expenses Income from operations 322,900 256,400 Other expenses and losses 23,500 21,500 Interest expense Income before income taxes 299,400 234,900 74,500 93,500 Income tax expense 205,900 160,400 Net income BLOSSOM COMPANY Balance Sheets December 31 2016 2017 Assets Current assets Cash $60,100 $64,200 Debt investments (short-term) 74,000 50,000 111,900 Accounts receivable 126,900 127,500 117,000 Inventory Total current assets 388,500 343,100 Plant assets (net) 530,300 659,000 $1,047,500 $873,400 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 169,100 $154,500 Income taxes payable 45,000 43,500 Total current liabilities 214,100 198,000 Bonds payable 230,000 210,000 444,100 408,000 Total liabilities Stockholders' equity Common stock ($5 par) 290,000 300,000 Retained earnings 313,400 165,400 603,400 465,400 Total stockholders' equity $1,047,500 $873,400 Total liabilities and stockholders' equity All sales were on account. Net cash provided by operating activities for 2017 was $234,000. Capital expenditures were $137,000, and cash dividends were $57,900. Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets % (d) Current ratio :1 (e) Accounts recelvable turnover times (f Average collection period days (g) Inventory turnover times (h) Days in inventory days Times interest earned (i) times (i) Asset turnover times (k) Debt to assets ratio (I) Free cash flow $