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Oriole Corporation's comparative balance sheet is presented below. ORIOLE CORPORATION Balance Sheet December 31 2024 2023 Cash $5,100 $3,700 Accounts receivable 9,100 24,000 Inventory
Oriole Corporation's comparative balance sheet is presented below. ORIOLE CORPORATION Balance Sheet December 31 2024 2023 Cash $5,100 $3,700 Accounts receivable 9,100 24,000 Inventory 9,500 7,500 Land 19,500 25,500 Buildings 80,000 80,000 Accumulated depreciation-buildings (19,000) (14,000) Total $104,200 $126,700 Accounts payable $12,920 $30,700 Common shares 75,000 69,000 Retained earnings 16,280 27,000 Total $104,200 $126,700 Oriole's 2024 income statement included net sales of $130,000, cost of goods sold of $80,000, and profit of $19,000. Calculate the following ratios for 2024. (Round Collection period and Days sales in inventory to O decimal places e.g. 52 and all other answers to 1 decimal place, e.g. 52.7 or 52.7%. Use 365 days for calculation.) a. Current ratio b. Acid-test ratio 2024 C. Receivables turnover times d. Collection period days e. Inventory turnover times f. Days sales in inventory days g. Profit margin h. Asset turnover % times i. Return on assets % j. Return on equity % k. Debt to total assets %
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