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Blossom Manufacturing Company reported net sales (all credit) of $143,000 and $162,775 for 2020 and 2021, respectively and net income of $47,000 and $55,000 for

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Blossom Manufacturing Company reported net sales (all credit) of $143,000 and $162,775 for 2020 and 2021, respectively and net income of $47,000 and $55,000 for 2020 and 2021, respectively. Blossom's 2020 and 2021 balance sheets appear below: 2020 2021 Current Assets Cash $39,000 $37,926 Accounts receivable, net 43,000 42,000 Inventory 55,000 53,018 Total current assets 137,000 132,944 Plant & equipment, net 83,000 63,056 Total assets $220,000 $196,000 Current liabilities $43,000 $53,018 Noncurrent liabilities 83,000 63,014 Total Liabilities 126,000 116,032 Stockholders' equity C Common stock 25,000 24,990 Additional paid-In capital 27,000 26,950 Retained earnings 42,000 28,028 Q Ac Retained earnings 42,000 Total stockholders' equity 94,000 Total liabilities and stockholders' equity $220,000 (a) Your answer is correct. Calculate the working capital for 2021. Working capital $ eTextbook and Media 79926 28,028 79,968 $196,000 Attempts: 1 of 3 used A Q Ac Acc Calculate the accounts receivable turnover for 2021. (Round answer to 2 decimal places, e.g. 52.75.) Accounts receivable turnover times

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