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The comparative statements of Blossom Company are presented here: Net sales BLOSSOM COMPANY Income Statements For the Years Ended December 31 Cost of goods sold

The comparative statements of Blossom Company are presented here: Net sales BLOSSOM COMPANY Income Statements For the Years Ended December 31 Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 2022 $1,891,640 1,059,640 832,000 501,100 330,900 23,100 307,800 93,100 $214,700 BLOSSOM COMPANY Balance Sheets December 31 2021 $1,751,600 1,007,100 744,500 480,100 264,400 21,100 243,300 74,100 $169,200
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The comparative statements of Blossom Company are presented here: (c) Return on assets (d) Current ratio (e) Accounts receivable turnover times (f) Average collection period days (g) Irwentory turnover times (h) Days in inventory days (i) Times interest earned times (j) Asset turnover times (k) Debe to assets ratio (1) Freccash fow All sales were on account. Net cash provided by operating activities for 2022 was $221,000. Capital expenditures were $135,000, and cash dividends were $66,700, Compute the following ratios for 2022. (Round eurnings per share, current ratio and asset turnover to 2 decimal places, es. 1.83. Round refum on common stockholders' equily, return an assets, accounts receivable turnower, average collection period, inventory tumover, days in imventory times interest eamed and debt to assets ratio to 1 decimal places, es. 1.8 or 1.8%. Use 3.65 days for calaulationd

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