The condensed financial statements of Blossom Company for the years 2024 and 2025 are as follows. Blossom Company Balance Sheets December 31 (in thousands) 2025 2024 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 510 440 Inventory 560 490 Prepaid expenses 130 160 Total current assets 1.530 1,450 Investments 50 50 Property, plant, and equipment (net) 410 380 Other assets 530 510 Total assets $2.520 $2.390 Current liabilities: $860 $830 Total current assets 1,530 1,450 Investments 50 50 Property, plant, and equipment (net) 410 380 Other assets 530 510 Total assets $2.520 $2.390 Current liabilities $860 $830 Long-term liabilities 580 480 Stockholders' equity-common 1,080 1,080 Total liabilities and stockholders' equity $2,520 $2,390 Blossom Company Income Statements For the Year Ended December 31 (in thousands) Net sales Expenses 2025 2024 $3,900 $3,560 Blossom Company Income Statements For the Year Ended December 31 (in thousands) 2025 2024 $3,900 $3,560 Net sales Expenses Cost of goods sold 1.010 930 Selling and administrative expenses 2,400 2,330 Interest expense 10 20 Total expenses 3,420 3.280 Income before income taxes 480 280 Income tax expense 192 112 Net income $288 $168 Compute the following ratios for 2025 and 2024. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 12.6%) a. Current ratio. b. Inventory turnover. (Inventory on December 31, 2023, was $360.) C. Profit margin. d. Return on assets. (Assets on December 31, 2023, were $2,360.) e Return on common stockholders' equity. (Stockholders' equity-common on December 31, 2023, was $910.) f. Debt to assets ratio. & Times interest earned. Current ratio Inventory turnover 2025 :1 times 2024 :1 times Current ratio Inventory turnover Profit margin 2025 :1 2024 times % :1 times % Return on assets % % Return on common stockholders' equity % % Debt to assets ratio % Times interest earned eTextbook and Media See for Later times. times Attempts: 0 of 3 used Submit