Please do not give solution in image format thanku Comparative financial statement data for Blossom Company and Oriole Company, two competitors, appear below. All balance sheetdata are as of December 31, 2022.Net salesCost of goods soldOperating expensesInterest expenseIncome tax expenseCurrent assetsPlant assets (net)Current liabilitiesLong-term liabilitiesNet cash common by operating activitiesCapital expendituresDividends paid on common stockBlossom Company Oriole Company20222022$2,592,0001,692,000407,5209,980122,500496,600766,00095,500157,020198,720129,60051,840$892,800489,600141,1204,24051,840213,840201,16048,60058,47051,84028,80021,600 Capital expendituresDividends paid on common stockWeighted-average common shares outstanding(a)Blossom CompanyOriole Company(b)(b)Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, eg. $2.78.)Oriole CompanyBlossom CompanyNet IncomeBlossom Company SOriole Company$(c)SCompute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, eg 07:1)Oriole CompanyWorking Capital$Blossom CompanyWorking Capital$Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7:1.)$129,60051,84080,000Earnings per shareDebt to AssetsCurrent Ratio%%Current Ratio28,800Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, e78.9%Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45))21,600Free Cash Flow50,000$$11:1

The business entities or lenders determine financial ratios to compare different companies' outcomes…

Comparative financial statement data for Blossom Company and Oriole Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paid on common stock Blossom Company Oriole Company 2022 2022 $2,592,000 1,692,000 407,520 9,980 122,500 496,600 766,000 95,500 157,020 198,720 129,600 51,840 $892,800 489,600 141,120 4,240 51,840 213,840 201,160 48,600 58,470 51,840 28,800 21,600

Comparative financial statement data for Blossom Company and Oriole Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paid on common stock Blossom Company Oriole Company 2022 2022 $2,592,000 1,692,000 407,520 9,980 122,500 496,600 766,000 95,500 157,020 198,720 129,600 51,840 $892,800 489,600 141,120 4,240 51,840 213,840 201,160 48,600 58,470 51,840 28,800 21,600

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 18BEA

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