Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

35 = Oriole NV's comparative statements of financial position data are presented below. Orlole NV Statements of Financial Position December 31 2020 2019 Land 18.400

image text in transcribed
image text in transcribed
image text in transcribed
35 = Oriole NV's comparative statements of financial position data are presented below. Orlole NV Statements of Financial Position December 31 2020 2019 Land 18.400 21.840 64.400 58,800 (13,800) (8.400) Buildings Accumulated depreciation-buildings Inventory Accounts receivable 9.200 5,880 20,240 20,160 Cash 3.956 3,108 Total assets 102,396 101.388 Share capital-ordinary 66,240 57,960 Retained earnings 22.356 17.304 55 66.240 Share capital-ordinary Retained earnings 57,960 22,356 17,304 Accounts payable 13.800 26,124 BE Total equity and liabilities 102.396 101,388 Orioles 2020 income statement included net sales of 84.000, cost of goods sold of 50,694, and net income of 11.760. Compute the following ratios for 2020. (Round profit margin to O decimal places, eg. 16 or 16%. Round all other answers to 2 decimal places, 68.1.67.) Current ratio :1 b. Acid-test ratio :1 Accounts receivable turnover times d. Inventory turnover times = 135 Compute the following ratios for 2020. Round profit margin to decimal places, s. 16 or 169 Round all other answers to 2 decimal places 28. 1.67) a Current ratio :1 b. Acid-test ratio :1 c Accounts receivable turnover times d. Inventory turnover times e. Profit margin % Asset turnover times & Return on assets % h. Return on ordinary shareholders' equity % Debt to assets ratio %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting, Chapters 1- 15

Authors: James A. Heintz, Robert W. Parry

23rd Edition

0357391942, 9780357391945

More Books

Students also viewed these Accounting questions

Question

Discuss and describe the six elements of the external environment.

Answered: 1 week ago