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Question 4 Blossom Company provides you with the following balance sheet information as of December 31, 2022. Current assets Long-term assets Total assets $14,260 32,860
Question 4 Blossom Company provides you with the following balance sheet information as of December 31, 2022. Current assets Long-term assets Total assets $14,260 32,860 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $14,880 17,360 14,880 $47,120 $47.120 In addition, Blossom reported net income for 2022 of $19,840, income tax expense of $3,968, and interest expense of $1,612. Compute the current ratio and working capital for Blossom for 2022. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio : 1 Working capital $ LINK TO TEXT Assume that at the end of 2022, Blossom used $3,720 cash to pay off $3,720 of accounts payable. Compute the new ratios. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio :1 Working capital $ LINK TO TEXT Compute the debt to assets ratio and the times interest earned for Blossom for 2022. (Round answers to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Debt to assets ratio :1 Times interest earned ratio times
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