The comparative statements of Oriole Company are presented here. 2016 $1.755,600 1.011.100 744 500 ORIOLE COMPANY Income Statements For the Years Ended December 31 2017 Net sales $1,895,640 Cost of goods sold 1,063,640 Gross profit 832000 Selling and administrative 505,100 expenses Income from operations 326.900 Other expenses and losses Interest expense 23,600 Income before income 303,300 taxes Income tax expense 93.600 Net income $ 209.700 484.100 260,400 21.600 238.800 74,600 $164.200 2016 ORIOLE COMPANY Balance Sheets December 31 Assets 2017 Current assets Cash $ 60.100 Debt investments (short-term) 74,000 Accounts receivable 122,900 Inventory 127,600 Total current assets 384,600 $64.200 50,000 107.900 117.100 339.200 All sales were on account. Net cash provided by operating activities for 2017 was $242, and cash dividends were $61.700. Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1. (a) Earnings per share $ (b) Return on common stockholders' equity (c) Return on assets % (d) Current ratio Accounts receivable turnover times (f) Average collection period days Inventory turnover times (h) days Days in inventory Times interest earned times (10) 0 Asset turnover (k) Debt to assets ratio 0) Free cash flow e Textbook and Media Solution The comparative statements of Oriole Company are presented here. 2016 $1.755,600 1.011.100 744 500 ORIOLE COMPANY Income Statements For the Years Ended December 31 2017 Net sales $1,895,640 Cost of goods sold 1,063,640 Gross profit 832000 Selling and administrative 505,100 expenses Income from operations 326.900 Other expenses and losses Interest expense 23,600 Income before income 303,300 taxes Income tax expense 93.600 Net income $ 209.700 484.100 260,400 21.600 238.800 74,600 $164.200 2016 ORIOLE COMPANY Balance Sheets December 31 Assets 2017 Current assets Cash $ 60.100 Debt investments (short-term) 74,000 Accounts receivable 122,900 Inventory 127,600 Total current assets 384,600 $64.200 50,000 107.900 117.100 339.200 All sales were on account. Net cash provided by operating activities for 2017 was $242, and cash dividends were $61.700. Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1. (a) Earnings per share $ (b) Return on common stockholders' equity (c) Return on assets % (d) Current ratio Accounts receivable turnover times (f) Average collection period days Inventory turnover times (h) days Days in inventory Times interest earned times (10) 0 Asset turnover (k) Debt to assets ratio 0) Free cash flow e Textbook and Media Solution
