*Problem 13-2A

The comparative statements of Oriole Company are presented here.

ORIOLE COMPANY Income Statements For the Years Ended December 31
		2017		2016
Net sales		$1,898,140		$1,758,100
Cost of goods sold		1,066,140		1,013,600
Gross profit		832,000		744,500
Selling and administrative expenses		507,600		486,600
Income from operations		324,400		257,900
Other expenses and losses
Interest expense		23,900		21,900
Income before income taxes		300,500		236,000
Income tax expense		93,900		74,900
Net income		$ 206,600		$ 161,100

ORIOLE COMPANY Balance Sheets December 31
Assets		2017		2016
Current assets
Cash		$ 60,100		$ 64,200
Debt investments (short-term)		74,000		50,000
Accounts receivable		125,400		110,400
Inventory		127,900		117,400
Total current assets		387,400		342,000
Plant assets (net)		660,000		531,300
Total assets		$1,047,400		$873,300
Liabilities and Stockholders Equity
Current liabilities
Accounts payable		$ 167,600		$153,000
Income taxes payable		45,400		43,900
Total current liabilities		213,000		196,900
Bonds payable		231,000		211,000
Total liabilities		444,000		407,900
Stockholders equity
Common stock ($5 par)		290,000		300,000
Retained earnings		313,400		165,400
Total stockholders equity		603,400		465,400
Total liabilities and stockholders equity		$1,047,400		$873,300

All sales were on account. Net cash provided by operating activities for 2017 was $235,000. Capital expenditures were $137,000, and cash dividends were $58,600. Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.)

(a)		Earnings per share		$
(b)		Return on common stockholders equity			%
(c)		Return on assets			%
(d)		Current ratio			:1
(e)		Accounts receivable turnover			times
(f)		Average collection period			days
(g)		Inventory turnover			times
(h)		Days in inventory			days
(i)		Times interest earned			times
(j)		Asset turnover			times
(k)		Debt to assets ratio			%
(l)		Free cash flow		$