Question: The summary balance sheet and income statement data for Problem 2-6A Blossom Company are as follows. Blossom Company Balance Sheets 31 December Assets 2017 and

The summary balance sheet and income statement data for Problem 2-6A Blossom Company are as follows.

Blossom Company Balance Sheets 31 December

Assets 2017 and 2016 (respectively)

Found 30,700 $ 22,700 $

Receivables (net) 82,100 74,100

Other current assets 102,100 85,100

Long-term investments 62,000 60,000

Property, plant and equipment (net) 522,100 482,100

Total assets $799,000 724,000

Obligations and equity of shareholders

Current liabilities $77,700 $72,700

Long-term liabilities 92.100 102.100

Common stock 342,100 312,100

Retained earnings 287,100 237,100

Total liabilities and equity $ 799,000 $ 724,000

Blossom Company Income Statements for the Years Ended 31 December 2017 2016

Sales revenue $789,000 $691,000

Cost of goods sold 440,000 400,000

Operating expenses (including income taxes) 240,000 220,000

Net income $109,000 $71,000

Additional Information:

Net cash from operating activities $123,800 $58,700

Cash used for capital expenditures $47,700 $38,000

Dividends paid on common stock $59,000 $17,700

Weighted average number of shares 33,000 30,000

Calculate these values and ratios for 2016 and 2017. (Round Earnings per Share 2 decimal places, eg $2.78 and Current Ratio and Debt-to-asset ratio 1 decimal place eg 15.2. Enter negative amounts using a minus sign before the number, eg -45 or parentheses, for example (45).) 2017 2016

2016 & 2017

(a) Earnings per share.

(b) Working capital.

(c) Current ratio.

(d) Debt-to-asset ratio.

(e) Free cash flow.

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