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  3. problem 92 the comparative statements of blossom company are presented...

Question: problem 92 the comparative statements of blossom company are presented...

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Problem 9-2 The comparative statements of Blossom Company are presented here. BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,440 $1,756,400 1,064,4401,011,900 744,500 484,900 259,600 832,000 505,900 480 326,100 Interest expense Income before income taxes Income tax expense Net income 24,100 302,000 94,100 $207,900 22,100 237,500 75,100 $162,400
BLOSSOM COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory $60,10064,200 74,00050,000 123,700 108,700 128,100117,600 385,900340,500 664,000535,300 $1,049,900 $875,800 Total current assets Plant assets (net) Total assets Liabilities and Stockholders Equity Current liabilities 165,900 $151,300 44,100 195,400 235,000 215,000 446,500 410,400 Accounts payable Income taxes payable 45,600 Total current liabilities 211,500 Bonds payable Total liabilities Stockholders equity Common stock ($5 par) Retained earnings 290,000 300,000 165,400 603,400 465,400 $1,049,900 $875,800 313,400 Total stockholders equity Total liabilities and stockholders equity
A, sales were on account. Net cash prwided by operating activities for 2017 was S227 000. Crptal expendeures were $137,000, and cash dwends were $59,90 Compute the following ratios for 2017.(Round current ratio, carnings per share and asset tumover to 2 decimal places, eg 1.83 ad all other ansawers to I decimal 365 days in celcufation (a) Earnings per share (b) Retum on common stockhoiders equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover () Average collection period timmes days tines days times ) Invertory turnover (h) Dys in inventory ) Times interest earned ) Asset bunever assets rotio (l) Free cash flow
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