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Business, 05.07.2019 22:20 millanesjamela

The comparative statements of blossom company are presented here. blossom companyincome statementsfor the years ended december 3120172016net sales $1,899,640$1,759,600cost of goods sold 1,067,6401,015,100gross profit 832,000744,500selling and administrative expenses 509,100488,100income from operations 322,900256,400other expenses and losses interest expense 23,50021,500income before income taxes 299,400234,900income tax expense 93,50074,500net income $ 205,900$ 160,400blossom companybalance sheetsdecember 31assets20172016current assets cash $ 60,100$ 64,200 debt investments (short-term) 74,00050,000 accounts receivable 126,900111,900 inventory 127,500117,000 total current assets 388,500343,100plant assets (net) 659,000530,300total assets $1,047,500$873,400liabilities and stockholders’ equitycurrent liabilities accounts payable $ 169,100$154,500 income taxes payable 45,00043,500 total current liabilities 214,100198,000bonds payable 230,000210,000 total liabilities 444,100408,000stockholders’ equity common stock ($5 par) 290,000300,000 retained earnings 313,400165,400 total stockholders’ equity 603,400465,400total liabilities and stockholders’ equity $1,047,500$873,400all sales were on account. net cash provided by operating activities for 2017 was $234,000. capital expenditures were $137,000, and cash dividends were $57,900.compute the following ratios for 2017. (round all answers to 2 decimal places, e. g. 1.83 or 1.83%) earnings per share $(b) return on common stockholders’ equity %(c) return on assets %(d) current ratio : 1(e) accounts receivable turnover times(f) average collection period days(g) inventory turnover times(h) days in inventory days(i) times interest earned times(j) asset turnover times(k) debt to assets ratio %(l) free cash flow $

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