Question
The 2020 and 2021 partial balance sheetsforOrioleManufacturing Companyappear below: 2020 2021 Current assets $72,000 $67,760 Long-term assets 174,000 184,240 Total assets $246,000 $252,000 Current liabilities
The 2020 and 2021 partial balance sheetsforOrioleManufacturing Companyappear below:
2020 2021
Current assets $72,000 $67,760
Long-term assets 174,000 184,240
Total assets $246,000 $252,000
Current liabilities $46,000 $56,000
Noncurrent liabilities 86,000 95,956
Total Liabilities 132,000 151,956
Stockholders' equity
Common stock 28,000 28,000
Additional paid-In capital 30,000 30,000
Retained earnings 56,000 42,044
Total stockholders' equity 114,000 100,044
Total liabilities and stockholders' equity $246,000 $252,000
(a)
CalculateOriole' current ratio for 2021.(Round answer to 2 decimal places, e.g. 52.75.)
Current ratio$___
Working Capital____
Debt Ratio_____
Acid-Test_____
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