Blossom Inc. operates gaming stores across the country. Selected comparative financial statement data are shown below....

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Blossom Inc. operates gaming stores across the country. Selected comparative financial statement data are shown below. BLOSSOM INC. Balance Sheet (partial) December 31 (in millions) 2024 2023 2022 Current assets Cash $759 $90 $60 Short-term investments 55 59 39 Accounts receivable 678 581 495 Inventory 895 523 571 Prepaid expenses 45 50 26 Total current assets $2,432 $1,303 $1,191 Total current liabilities $1,895 $821 $747 Additional information: (in millions) 2024 2023 Net credit sales $8,260 $3,935 Cost of goods sold 5,329 2,649 (a) Calculate the following liquidity ratios for 2024 and 2023. (Round current ratio and acid-test ratio to 2 decimal places, e.g. 0.75:1, receivables turnover and inventory turnover to 1 decimal place, e.g. 52.7 and collection period, days sales in inventory and operating cycle to O decimal places, e.g. 125.) Current ratio Acid-test ratio 2024 :1 :1 2023 :1 :1 Receivables turnover times times Collection period days days Inventory turnover times times Days sales in inventory days days Operating cycle days days Save for Later Attempts: 0 of 15 used Submit Answer Blossom Inc. operates gaming stores across the country. Selected comparative financial statement data are shown below. BLOSSOM INC. Balance Sheet (partial) December 31 (in millions) 2024 2023 2022 Current assets Cash $759 $90 $60 Short-term investments 55 59 39 Accounts receivable 678 581 495 Inventory 895 523 571 Prepaid expenses 45 50 26 Total current assets $2,432 $1,303 $1,191 Total current liabilities $1,895 $821 $747 Additional information: (in millions) 2024 2023 Net credit sales $8,260 $3,935 Cost of goods sold 5,329 2,649 (a) Calculate the following liquidity ratios for 2024 and 2023. (Round current ratio and acid-test ratio to 2 decimal places, e.g. 0.75:1, receivables turnover and inventory turnover to 1 decimal place, e.g. 52.7 and collection period, days sales in inventory and operating cycle to O decimal places, e.g. 125.) Current ratio Acid-test ratio 2024 :1 :1 2023 :1 :1 Receivables turnover times times Collection period days days Inventory turnover times times Days sales in inventory days days Operating cycle days days Save for Later Attempts: 0 of 15 used Submit Answer