Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help with this question The comparative statements of Oriole Company are presented here. ORIOLE COMPANY Balance Sheets December 31 Assets 2022 Current assets begin{tabular}{lrr}

please help with this question
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The comparative statements of Oriole Company are presented here. ORIOLE COMPANY Balance Sheets December 31 Assets 2022 Current assets \begin{tabular}{lrr} Cash & $60,032 & $64,200 \\ Debt investments (short-term) & 74,000 & 50,000 \\ Accounts receivable & 125,200 & 110,200 \\ Inventory & 127,700 & 117,200 \\ Total current assets & 386,932 & 341,600 \\ Plant assets (net) & 659,000 & 530,300 \\ \hline Total assets & $1,045,932 & $871,900 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current liabilities Accounts payable $167,400$152,800 Income taxes payable Total current liabilities 212,60045,200196,50043,700 Bonds payable Total liabilities Stockholders' equity All sales were on account. Net cash provided by operating activities for 2022 was $245,460. Capi cash dividends were $56,798. Compute the following ratios for 2022. (Round current ratio, earnings per share and asset turnover to answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation.) (i) Times interest earned times (j) Asset turnover times (k) Debt to assets ratio 96 (1) Free cash flow

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_2

Step: 3

blur-text-image_3

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

Auditing Principles A Systems Based Approach

Authors: Howard F. Stettler

5th Edition

0130517224, 9780130517227

More Books

Students also viewed these Accounting questions