Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find current ratio, return on assets, return on common stockholder's equity, debt ti assets ratio and price earnings ratio and % changes ORIOLE COMPANY Balance

Find current ratio, return on assets, return on common stockholder's equity, debt ti assets ratio and price earnings ratio and % changes image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
ORIOLE COMPANY Balance Sheets December 31 Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $89,000. 3. Total assets at the beginning of 2021 were $633,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Compute the liquidity and profitability ratios of Oriole Company for 2021 and 2022. (Round Curent ratio, Asset turnover and Earnings per share to 2 decimal places, es. 15.50 and round all other answers to 1 decimal place, eg. 15.5. Round \% change to 0 decimal places, for eg. 1% and if 8 change is a decrease show the numbers as negative, e.g. - 1\% or (1\%).). Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022, and (2) as of December 31, 2023, after giving effect to the situation. (Round Debt to assets ratio to 0 decimal ploces, eg. 15 and round all other answers to 1 decimal place, e.g. 15.5. Round \% change to 0 decimal places, for e 3.1% and if % change is a decrease show the numbers as negative, eg, 1% or (18).) Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $89,000. 3. Total assets at the beginning of 2021 were $633,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Compute the liquidity and profitability ratios of Oriole Company for 2021 and 2022. (Round Curent ratio, Asset turnover and Earnings per share to 2 decimal places, eg. 15.50 and round all other answers to 1 decimal place, eg. 15.5. Round % change to 0 decimal places, for eg. 1% and if % change is a decrease show the numbers as negative, es. 1% or (1\%).) Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022, and (2) as of December 31, 2023, after giving effect to the situation. (Round Debt to ossets ratio to 0 decimal place, eg. 15 and round all other answers to 1 decimal place, eg. 15.5. Round \% change to 0 decimal places, for eg. 1% and if % change is a decrease show the numbers as negative, es. 18 or (1\%) ORIOLE COMPANY Balance Sheets December 31 Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $89,000. 3. Total assets at the beginning of 2021 were $633,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Compute the liquidity and profitability ratios of Oriole Company for 2021 and 2022. (Round Curent ratio, Asset turnover and Earnings per share to 2 decimal places, es. 15.50 and round all other answers to 1 decimal place, eg. 15.5. Round \% change to 0 decimal places, for eg. 1% and if 8 change is a decrease show the numbers as negative, e.g. - 1\% or (1\%).). Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022, and (2) as of December 31, 2023, after giving effect to the situation. (Round Debt to assets ratio to 0 decimal ploces, eg. 15 and round all other answers to 1 decimal place, e.g. 15.5. Round \% change to 0 decimal places, for e 3.1% and if % change is a decrease show the numbers as negative, eg, 1% or (18).) Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $89,000. 3. Total assets at the beginning of 2021 were $633,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Compute the liquidity and profitability ratios of Oriole Company for 2021 and 2022. (Round Curent ratio, Asset turnover and Earnings per share to 2 decimal places, eg. 15.50 and round all other answers to 1 decimal place, eg. 15.5. Round % change to 0 decimal places, for eg. 1% and if % change is a decrease show the numbers as negative, es. 1% or (1\%).) Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022, and (2) as of December 31, 2023, after giving effect to the situation. (Round Debt to ossets ratio to 0 decimal place, eg. 15 and round all other answers to 1 decimal place, eg. 15.5. Round \% change to 0 decimal places, for eg. 1% and if % change is a decrease show the numbers as negative, es. 18 or (1\%)

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

Step: 3

blur-text-image

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

A Practical Guide To UK Accounting And Auditing Standards

Authors: Steve Collings

1st Edition

152650331X, 9781526503312

More Books

Students also viewed these Accounting questions

Question

=+3. What level of candor are decision makers willing to receive?

Answered: 1 week ago