Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets December 31 2019 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity 2020 $ 69,000$65,000 40,000 89,000 239,000 168,000 26,000 129,000 129,000 264,000 186,000 $888,000 $703,000 55,000 109,000 23,000 $169,000 $109,000 52,000 42,000 251,000 170,000 204,000 204,000 156,000 126,000 $703,000 66,000 42,000 $888,000 Oriole Company Income Statements For the Years Ended December 31 2020 2019 Sales revenue Cost of goods sold Gross profit Operating expenses Net income $902,000 $800,000 650,000 252,000 225,000 191,000 $61,000 60,000 575,000 165,000 Additional information: 1. Inventory at the beginning of 2019 was $115,000. 2. Accounts receivable (net) at the beginning of 2019 were $89,000. 3. Total assets at the beginning of 2019 were $633,000 4. No common stock transactions occurred during 2019 or 2020. 5. All sales were on account. (al) Compute the liquidity and profitability ratios of Oriole Company for 2019 and 2020, (Round all answers to 2 decimal places, eg. 1.83 or 1.83%. If % change is a decrease show the numbers as negative, e,g,-1.8390 or (1.83%).) 2019 2020 % Change LIQUIDITY Current ratio Accounts receivables turnover Inventory turnover times times times times 2019 2020 % change PROFITABILITY Profit margin Asset turnover Return on assets times times Earnings per share The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2020, and (2) as of December 31, 2021, after giving effect to the situation. (Round all answers to 2 deci na places, e 9-1.83 or 1.83 If % changes a decreases o the numbers as negative, e.g.-1.83% or (1.83%).) Situation Ratio 1. 18,000 shares of common stock were sold at par on July 1, 2021. Net income for 2021 was $54,000 Return on common stockholders' equity 2. All of the notes payable were paid in 2021. All other liabilities remained at their December 31, 2020, levels. At December 31 Debt to assets ratio 2021, total assets were $903,000 The market price of common stock was $9.00 and $13.00 on December 31, 2020 and 2021, respectively. Net income for 2021 was $54,000. 3. Price-earnings ratio 2020 2021 % change Return on common stockholders' equity Debt to assets ratio Price earnings ratio times times