Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help Your answer is partially correct. The comparative statements of Oriole Company are presented here. ORIOLE COMPANY Balance Sheets December 31 begin{tabular}{|c|c|c|} hline Assets

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

please help

Your answer is partially correct. The comparative statements of Oriole Company are presented here. ORIOLE COMPANY Balance Sheets December 31 \begin{tabular}{|c|c|c|} \hline Assets & 2027 & 2026 \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & $60,032 & $64,200 \\ \hline Debt investments (short-term) & 74,000 & 50,000 \\ \hline Accounts receivable (net) & 125,200 & 110,200 \\ \hline Inventory & 127,700 & 117,200 \\ \hline Total current assets & 386,932 & 341,600 \\ \hline Plant assets (net) & 659,000 & 530,300 \\ \hline Total assets & $1,045,932 & $871,900 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities } \\ \hline Accounts payable & $167,400 & $152,800 \\ \hline Income taxes payable & 45,200 & 43,700 \\ \hline Total current liabilities & 212,600 & 196,500 \\ \hline Bonds payable & 230,000 & 210,000 \\ \hline Total liabilities & 442,600 & 406,500 \\ \hline \end{tabular} All sales were on credit. Net cash provided by operating activities for 2027 was $245,460. Capital expenditures were $136,000, and cash dividends paid were $56,798. Compute the following ratios for 2027. (Round current ratio, earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover (f) Average collection period (g) Inventory turnover (h) Days in inventory (i) Times interest earned (j) Asset turnover (k) Debt to assets ratio (I) Free cash flow $ % % 1.82 :1 times days 8.7 times 42 days 13.6 times 1.98 times %

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

Step: 3

blur-text-image

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

Fair Value Measurement Practical Guidance And Implementation

Authors: Mark L. Zyla

3rd Edition

1119191238, 9781119191230

More Books

Students also viewed these Accounting questions

Question

What is a control account?

Answered: 1 week ago