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Oriole Consumer Products Company Income Statement Net sales $61,560 Cost of products sold 22,400 Gross profit $39,160 Marketing, research, administrative expense 16,700 Depreciation 930
Oriole Consumer Products Company Income Statement Net sales $61,560 Cost of products sold 22,400 Gross profit $39,160 Marketing, research, administrative expense 16,700 Depreciation 930 Operating income (loss) $21,530 Interest expense 950 Earnings (loss) before income taxes $20,580 Income taxes 6,285 Net earnings (loss) $14,295 Oriole Consumer Products Company Balance Sheet Assets: Liabilities and Equity: Cash and marketable securities $5,490 Accounts payable $3,910 Investment securities 500 Accrued and other liabilities 7,900 Accounts receivable 4,520 Taxes payable 1,910 Inventory 5,310 Debt due within one year 7,515 Deferred income taxes 820 Total current liabilities $21,235 Prepaid expenses and other receivables 1,780 Long-term debt 9,515 Total current assets $18,420 Deferred income taxes 2,390 Property, plant, and equipment, at cost 28,684 Other noncurrent liabilities 2,700 Less: Accumulated depreciation 8,917 Total liabilities $35,840 Net property, plant, and equipment Net goodwill and other intangible assets $19,767 Convertible class A preferred stock 1,294 25,000 Common stock 2,350 Other noncurrent assets 2,390 Retained earnings 26,093 Total stockholders' equity $29,737 Total assets $65,577 Total liabilities and equity $65,577 Calculate all the ratios listed below for Oriole, for which industry figures are available. (Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g. 12.5 or 12.5%.) Ratio Current ratio Quick ratio Gross margin Industry Average 2.05 0.78 times times 23.9 % % Net profit margin 12.3 % % Debt ratio 0.23 times Long-term debt to equity 0.98 times Interest coverage 5.62 times Return on assets 5.3 % % Return on equity 18.8 % %
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