ORIOLE COMPANY Income Statements For the Years Ended 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other $1,895,640 $1,755,600 1,011,100 744,500 484,100 260,400 1,063,640 832,000 505,100 326,900 expenses and losses 23,600 303,300 93,600 s 209,700 21,600 238,800 74,600 5164,200 Interest expense Income before income taxes Income tax expense Net income ORIOLE COMPANY Balance Sheets 2017 2016 Assets Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200 50,000 107,900 117,100 339,200 530,300 $1,043,600 869,500 74,000 122,900 127,600 384,600 659,000 Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable 165,100 $150,500 43,600 194,100 210,000 404,100 45,100 210,200 230,000 440,200 Total current liabilities Bonds payable Total liabilities ORIOLE COMPANY Balance Sheets 2017 2016 Assets Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200 50,000 107,900 117,100 384,600 339,200 530,300 $1,043,600 869,500 74,000 122,900 127,600 Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities 659,000 Accounts payable Income taxes payable 165,100 $150,500 43,600 194,100 230,000 s 45,100 Total current liabilities 210,200 210,000 Bonds payable Total liabilities 440,200 404,100 Stockholders' equity Common stock ($5 par) 290,000 300,000 313,400165,400 465,400 $1,043,600 869,500 Retained earnings 603,400 Total stockholders' equity Total liabilities and stockholders' equity All sales were on account. Net cash provided by operating activities for 2017 was $242,000. Capital expenditures were $136,000, and cash dividends were $61,700 Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets 3.61 39.24 % 21.921 % 603,400 465,400 Total stockholders' equity Total liabilities and stockholders' equity All sales were on account. Net cash provided by operating activities for 2017 was $242,000. Capital expenditures were $136,000, and cash dividends were $61,700. Compute the following ratios for 2017, (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover (?) Average collection period (9) Inventory turnover (h) Days in inventory (i) Times interest earned G) Asset turnover (k) Debt to assets ratio (I) Free cash flow Click if you would like to Show Work for this question: Open Show Work $1,043,600 869,500 3.61 39.24 % 21.921 % 1.83 :1 16.43 times 22.22 days 8.69 times 41.99 days 13.85 times 1.98 times 42. % 106000