Question: Current Attempt in Progress Selected comparative statement data for Blossom Products Inc. are presented below. All balance sheet data are as at December 31.
Current Attempt in Progress Selected comparative statement data for Blossom Products Inc. are presented below. All balance sheet data are as at December 31. 2024 2023 Net sales $700,000 $666,000 Cost of goods sold 480,000 440,000 Interest expense 9,000 4,000 Profit for the year 66,000 46,000 Accounts receivable 145,000 123,000 Inventory 75,000 65,000 Total assets 680,000 590,000 Total shareholders' equity 490,000 360,000 Calculate the following ratios for 2024. (Round answers to 1 decimal place, e.g. 52.7 or 52.7%.) a. Gross profit margin b. Profit margin C. Asset turnover d. Return on assets 2024 % % times % e. Return on shareholders' equity %
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