The following financial information is for Blossom Company. BLOSSOM COMPANY

Balance Sheets December 31 Assets 2022

Cash $ 72,000
Debt investments (short-term) 54,000
Accounts receivable 109,000
Inventory 235,000
Prepaid expenses 26,000
Land 134,000
Building and equipment (net) 259,000
Total assets $889,000
Liabilities and Stockholders' Equity Notes payable $170,000
Accounts payable 66,000
Accrued liabilities 41,000
Bonds payable, due 2025 249,000
Common stock, $10 par 198,000
Retained earnings 165,000
Total liabilities and stockholders' equity $889,000

2021 $ 67,000 39,000 92,000 164,000 27,000 134,000 185,000 $708,000 $102,000 54,000 41,000 171,000 198,000 142,000 $708,000

BLOSSOM COMPANY Income Statements For the Years Ended December 31 2022 2021

Sales revenue $898,000 $785,000
Cost of goods sold 643,000 576,000
Gross profit 255,000 209,000
Operating expenses 198,000 159,000 + 7 + Onn Gross profit
Operating expenses 255,000 198,000 $ 57,000 209,000 159,000
Net income $50,000

Additional information:

1. Inventory at the beginning of 2021 was $116,000.
2. Accounts receivable (net) at the beginning of 2021 were $89,000.
3. Total assets at the beginning of 2021 were $631,000.
4. No common stock transactions occurred during 2021 or 2022.
5. All sales were on account.

Compute the liquidity and profitability ratios of Blossom Company for 2021 and 2022. (Round Curent ratio, Asset turnover and Earnings per share to 2 decimal places, e. g. 15.50 and round all other answers to 1 decimal place, e. g. 15.5. Round % change to o decimal places, for e. g. 1% and if % change is a decrease show the numbers as negative, e. g. -1% or (1%).