Blossom Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income statement for 2019 and 2020 follow. Blossom Medical Comparative Balance Sheet As of December 31     2020   2019   Assets           Current assets             Cash   $352,000   $417,400     Accounts receivable, net   1,000,000   776,400     Inventory   717,000   681,000     Other current assets   381,300   247,000   Total current assets   2,450,300   2,121,800   Property, plant, & equipment, net   8,766,170   8,440,100     Total assets   $11,216,470   $10,561,900               Liabilities and Stockholders’ Equity           Current liabilities   $3,155,000   $2,846,000   Long-term debt   3,702,600   3,892,600     Total liabilities   6,857,600   6,738,600   Preferred stock, $5 par value   58,900   58,900   Common stock, $0.25 par value   104,600   103,800   Retained earnings   4,195,370   3,660,600     Total stockholders’ equity   4,358,870   3,823,300     Total liabilities and stockholders’ equity   $11,216,470   $10,561,900   Blossom Medical Comparative Income Statement and Statement of Retained Earnings For the Year     2020   2019   Sales revenue (all on account)   $10,177,200   $9,613,900   Cost of goods sold   5,611,600   5,298,700     Gross profit   4,565,600   4,315,200   Operating expenses   2,840,200   2,634,100   Net operating income   1,725,400   1,681,100   Interest expense   300,300   308,600   Net income before taxes   1,425,100   1,372,500   Income taxes (30%)   427,530   411,750   Net income   $997,570   $960,750   Dividends paid             Preferred dividends   29,450   29,450     Common dividends   433,350   413,000     Total dividends paid   462,800   442,450   Net income retained   534,770   518,300   Retained earnings, beginning of year   3,660,600   3,142,300   Retained earnings, end of year   $4,195,370   $3,660,600   (a)     Calculate the earnings per share (average of 418,000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, e.g. 2.55.) Earning per share   $enter the earning per share in dollars rounded to 2 decimal places  per share   eTextbook and Media   Save for Later     Attempts: 0 of 3 used Submit Answer     (b)     Calculate the price/earnings ratio (market price of $48 at year-end) for 2020. (Round answer to 1 decimal place, e.g. 2.5.) Price/earnings ratio   enter the price to earnings ratio rounded to 1 decimal place   eTextbook and Media   Save for Later     Attempts: 0 of 3 used Submit Answer     (c)     Calculate the dividend payout ratio (dividends of $1.25 per common share for the year) for 2020. (Round answer to 1 decimal place, e.g. 2.5.)  Dividend payout ratio   enter the dividend payout ratio in percentages rounded to 1 decimal place %

Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).     2020   2019 Cash   $12,983   $8,308 Accounts receivable   22,433   18,683 Inventory   27,299   32,052 Other current assets   13,635   13,016 Total current assets   $76,350   $72,059 Total current liabilities   $254,500   $313,300 what is the current ratio for 2020 and 2019

19. A listing of the estimated balances in the company's ledger accounts as of December 31, 2023 is given below (as well as in your Excel template): Cash Accounts receivable Inventory-raw materials Inventory-finished goods Capital assets (net) Assets $ 83,365 1,122,900 10,000 9,125 724,000 $1,949,390 Total assets Liabilities and Shareholders' Equity Accounts payable $ 231,563 Capital stock 1,000,000 Retained Earnings Total liabilities and shareholders' equity 717,828 $1,949,390 Required: 1. Prepare a monthly master budget for ToyWorks for the year ended December 31, 2024, including the following schedules (Use the Excel template provided!): Sales Budget & Schedule of Cash Receipts Production Budget & Manufacturing Overhead Budget Direct Materials Budget & Schedule of Cash Disbursements Direct Labour Budget Selling and Administrative Expense Budget Ending Finished Goods Inventory Budget Cash Budget 2. Prepare budgeted financial statements at December 31, 2024, using absorption costing.

The balance sheets for a company, along with additional information, are provided below: Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: $ 107,800 $ 118,100 94,500 84,500 2,500 Cash 80,000 100,000 5,000 Accounts receivable Inventory Prepaid rent Long-term assets: 505,000 695,000 (278,000) $1,221,600 Land 505,000 810,000 (433,000) $1,174,800 Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: $ 104,000 Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: 6,300 9,000 89, 500 12,600 5,500 105,000 210,000 Common stock Retained earnings Total liabilities and stockholders' eguity 725,000 225,500 $1,174,800 725,000 179,000 $1,221,600 Additional Information for 2021: 1. Net income is $74,000. 2. The company purchases $115,000 in equipment. 3. Depreciation expense is $155,000. 4. The company repays $105,000 In notes payable. 5. The company declares and pays…