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Additional data as of December 31, 2021: Inventory = $47,940; Total assets = $397,800; Common stockholders' equity Compute the following listed ratios for 2022. (Round answers to 2 decimal places, e.g. 1.83.) 1. 2. 3. 4. 5. 6. 7. Current ratio Debt to assets ratio Times interest earned Inventory turnover Profit margin Return on common stockholders' equity Return on assets 41004 66.83 4.67 1000 :1 % times times % %

Additional data as of December 31, 2021: Inventory = $47,940; Total assets = $397,800; Common stockholders' equity Compute the following listed ratios for 2022. (Round answers to 2 decimal places, e.g. 1.83.) 1. 2. 3. 4. 5. 6. 7. Current ratio Debt to assets ratio Times interest earned Inventory turnover Profit margin Return on common stockholders' equity Return on assets 41004 66.83 4.67 1000 :1 % times times % %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Blossom Electronics Income Statement For the Year Ended December 31, 2022 $663,000 Revenues Expenses Cost of goods sold Selling and admin expenses Interest expense Total expenses Income before income taxes Income tax expense Net income 1. 2. Additional data as of December 31, 2021: Inventory = $47,940; Total assets = $397,800; Common stockholders' equity = $112,200. Compute the following listed ratios for 2022. (Round answers to 2 decimal places, e.g. 1.83.) 3. 4. 5. 6. 7. Current ratio Debt to assets ratio Times interest earned Inventory turnover Profit margin 367,200 153,000 Return on assets 30,600 550,800 112,200 33,660 $78,540 Return on common stockholders' equity 41004 66.83 4.67 DODO :1 % times times % % %
Transcribed Image Text:Blossom Electronics Income Statement For the Year Ended December 31, 2022 $663,000 Revenues Expenses Cost of goods sold Selling and admin expenses Interest expense Total expenses Income before income taxes Income tax expense Net income 1. 2. Additional data as of December 31, 2021: Inventory = $47,940; Total assets = $397,800; Common stockholders' equity = $112,200. Compute the following listed ratios for 2022. (Round answers to 2 decimal places, e.g. 1.83.) 3. 4. 5. 6. 7. Current ratio Debt to assets ratio Times interest earned Inventory turnover Profit margin 367,200 153,000 Return on assets 30,600 550,800 112,200 33,660 $78,540 Return on common stockholders' equity 41004 66.83 4.67 DODO :1 % times times % % %
The condensed financial statements of Blossom Electronics for 2022 are presented below. Blossom Electronics Balance Sheet December 31, 2022 Assets Current assets Cash and short-term investments Accounts receivable Inventories Total current assets Property, plant, and equipment (net) Total assets Liabilities and Stokholders' Equity Current liabilities Long-term liabilities Common stockholders' equity Total liabilities and stockholders' equity $25,500 32,640 44,064 102,204 326,196 $428,400 $61,200 225,114 142,086 $428,400
Transcribed Image Text:The condensed financial statements of Blossom Electronics for 2022 are presented below. Blossom Electronics Balance Sheet December 31, 2022 Assets Current assets Cash and short-term investments Accounts receivable Inventories Total current assets Property, plant, and equipment (net) Total assets Liabilities and Stokholders' Equity Current liabilities Long-term liabilities Common stockholders' equity Total liabilities and stockholders' equity $25,500 32,640 44,064 102,204 326,196 $428,400 $61,200 225,114 142,086 $428,400
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