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Question 24 of 30 7 Current Attempt in Progress Oriole Company has these comparative balance sheet data ORIOLE COMPANY Balance Sheets December 31 2022 2021
Question 24 of 30 7 Current Attempt in Progress Oriole Company has these comparative balance sheet data ORIOLE COMPANY Balance Sheets December 31 2022 2021 Cash $ 25,635 $51,270 Accounts receivable (net) 119,630 102,540 Inventory 102.540 85,450 Plant assets (net) 341,800 307.620 $589,605 $546,880 Accounts payable $ 85.450 $ 102.540 Mortgage payable (15%) 170.900 170,900 tgage payable (15%) 170.900 170,900 amon stock, $10 par 239,260 205,080 ined earings 93,995 68,360 $589,605 $546,880 cional information for 2022: Net income was $33,900. Sales on account were $405,789.Sales returns and allowances amou Cost of goods sold was $225,588. Net cash provided by operating activities was $105.958. Capital expenditures were $26,600. and cash dividends were $20,80 (a) Current ratio. :1 (b) Accounts receivable turnover. times days (c) Average collection period. times (d) Inventory turnover. days (e) Days in inventory
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