If Oriole Company had net income of $301,600 in 2022 and it experienced a 16% increase in net income over 2021, what was its 2021 net income? 2021 Net Income $ Current Attempt in Progress Using these dasa from the comparative balance sheet of Splish Brothers Company, perform vertical analysis. (Round answers to 1 decimal place, es. 15.2) Compute the following ratis for 2022 and 2021 . (Round current ratio and imvertory turnover to 2 decimal plocest eg, 1.83 and alf ocher answers to 1 decimal ploce, es. 1.8 or 12.6% ) (a) Currentratio. (b) Inventory turnover. (inventory on 12/31/20, was $450 ) (c) Profitmargin. (d) Return on assets, (Assets on 12/31/20, were 52.840 ) (e) Return on common stockholders' equity. (Stockholders' equity on 123120 , was 5920) in Debeto assets ratio. (c) Times interest earned. In addition, the foHowing information is available from the comparative balance sheet for Larkspur at the end of 2022 and 2021 Presented below is information for 2022 and 2021 related to the operations of Blossom Electronics. ollowing selected items from the comparative balance sheet of Sunland Company, illustrate horizontal (using 2020 as the Ind vertical analysis. (Round vertical analysis to 1 decimal place, e 8.15 .2 .) Additional information: a. In 2022, Blossom declared and paid a cash dividend of $21,328. b. The company issued $43,400 of bonds at a discount for cash. c. Equipment with a cost of $21,080 and a book value of $5,332 was sold for cash, New equipment was acquired for cash. d. The company issued stock for cash. e. Prepaid expenses pertain to operating expenses; accounts payable is only used for merchandise purchases. Horizontal analysis (trend analysis) percentages for Wildhorse Company's sales, cost of goods sold, and expenses are listed here. Did Wildhorse's net income increase, decrease, or remain unchanged over the 3 -year period? Wildhorse Co, reported net income of $176,240 for 2022 . Wildhorse Co. also reported depreciation expense of $34,330 and a loss of $4,840 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $13,520 for the year, a $16,200 increase in accounts payable, and a $3,990 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease Using the following selected items from the comparative balance sheet of Sunland Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical anolysis to 1 decimal place, es. 15.2.) animn to 1 dedmai place, 4.1 .6 or 12.6K. (a) Currentratio f) Profitmargin Sheridan Company has income from continuing operations of $623,500 (after tax) for the year ended December 31, 2022. It aiso has the following items (before considering income taxes): (1) An unrealized loss of $120,000 available-for-sale-securities. (2) - A gain of $51,000 on the discontinuance of a major component. (3) A cumulative effect of a change in accounting principle that resulted in an increase in prior years' depreciation of $48,500. Assume all items are subject to income taxes at a 30% tax rate. Prepare astatement of comprehensive income, beginning with income from continuing operations
