The following financial information is for Blossom Company. Blossom Company Balance Sheets December 31 Assets 2022 2021 Cash $133,000 $123,500 Debt investments (short-term) 104,500 76,000 Accounts receivable (net) 197,600 171,000 Inventory 437,000 313,500 Prepaid expenses 47,500 43,700 Land 247,000 247,000 Building and equipment (net) 494,000 351,500 Total assets $1,660,600 $1,326,200 Liabilities and Stockholders' Equity Notes payable (current) $323,000 $228,000 Accounts payable 123,500 98,800 Accrued liabilities 76,000 76,000 Bonds payable, due 2025 475,000 323,000 Liabilities and Stockholders' Equity Notes payable (current) $323,000 $228,000 Accounts payable 123,500. 98,800 Accrued liabilities 76,000 76,000 Bonds payable, due 2025 475,000 323,000 Common stock, $10 par 380,000 380,000 Retained earnings 283,100 220,400 Total liabilities and stockholders' equity $1,660,600 $1,326,200 Blossom Company Income Statement For the Years Ended December 31 2022 2021 Net sales $1,675,800 $1,501,000 Cost of goods sold 1,216,000 1,092,500 Gross profit 459,800 408,500 Operating expenses 361,000 317,300 Net income $ 98,800 $91,200 Additional information: 1. Inventory at the beginning of 2021 was $218,500. 2. Accounts receivable (net) at the beginning of 2021 were $163,400. 3. Total assets at the beginning of 2021 were $1,254,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on credit. Indicate, by using ratios, the change in liquidity and profitability of Blossom Company from 2021 to 2022. (Round Current ratio, Asset turnover and Earnings per share to 2 decimal places, eg. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%) LIQUIDITY Current ratio Accounts receivable turnover Inventory turnover PROFITABILITY 2021 times 2022 :1 times times times PROFITABILITY Profit margin Asset turnover % times Return on assets Earnings per share % SA % times % The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022, and (2) as of December 31, 2023, after giving effect to the situation. (Round debt to assets ratio to O decimal places, e.g. 15% and other answers to 1 decimal place, e.g. 6.8 or 6.8%) (1) (2) (3) Situation 34,200 shares of common stock were sold at par on July 1, 2023. Net income for 2023 was $102,600, and there were no dividends. All of the notes payable were paid in 2023. All other liabilities remained at their December 31, 2022, levels. At December 31, 2023, total assets were $1,710,000. The market price of common stock was $17 and $23 on December 31, 2022 and 2023, respectively. Net income for 2023 was $102,600. (Use a simple average calculation for EPS.) Ratio Return on common stockholders' equity Debt to assets ratio Price-earnings ratio Return on common stockholders' equity Debt to assets ratio Price-earnings ratio 2022 2023 % % % times % times