Answer Happy

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BLOSSOM COMPANY Balance Sheets December 31 2020 2019 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 480 410 Inventory 470 400 Prepaid expenses 120 160 Total current assets 1,400 1,330 Investments 20 20 Property, plant, and equipment 420 380 Intangibles and other assets 530 510 Total assets $2.370 $2,240 Current liabilities $910 $800 Long-term liabilities 420 390 Stockholders' equity-common 1,040 1,050 Total liabilities and stockholders' equity $2,370 $2,240
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2020 2019 Sales revenue $3,810 $3,470 A Costs and expenses Cost of goods sold 965 900 Selling & administrative expenses 2,400 2,330 Interest expense 25 20 Total costs and expenses 3,390 3,250 Income before income taxes 420 220 Income tax expense 126 66 Net income $ 294 $ 154
Current ratio. (b) (C) (d) ) e Inventory turnover. (Inventory on 12/31/18, was $350.) Profit margin Return on assets. (Assets on 12/31/18, were $1.910.) Return on common stockholders' equity. (Stockholders' equity on 12/31/18, was $910.) Debt to assets ratio Times interest earned (e) (1) 19 2020 2019 (a) Current ratio :1 1 (b) Inventory turnover times times (c) Profit margin (d) Return on assets 96 % % (c) Return on common stockholders equity %6 % %6 (f) Debt to assets ratio times times (s) Times interest earned