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The condensed financial statements of Oriole Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) ORIOLE COMPANY Balance Sheets December

The condensed financial statements of Oriole Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.)

ORIOLE COMPANY Balance Sheets December 31

2022

2021

Current assets
Cash and cash equivalents

$330

$360

Accounts receivable (net)

520

450

Inventory

490

420

Prepaid expenses

120

160

Total current assets

1,460

1,390

Investments

60

60

Property, plant, and equipment (net)

420

380

Intangibles and other assets

530

510

Total assets

$2,470

$2,340

Current liabilities

$950

$840

Long-term liabilities

440

410

Stockholders equitycommon

1,080

1,090

Total liabilities and stockholders equity

$2,470

$2,340

ORIOLE COMPANY Income Statements For the Years Ended December 31

2022

2021

Net sales

$3,830

$3,490

Expenses
Cost of goods sold

1,005

940

Selling & administrative expenses

2,400

2,330

Interest expense

25

20

Total expenses

3,430

3,290

Income before income taxes

400

200

Income tax expense

120

60

Net income

$ 280

$ 140

Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.)

(a) Current ratio.
(b) Inventory turnover. (Inventory on 12/31/20 was $360.)
(c) Profit margin.
(d) Return on assets. (Assets on 12/31/20 were $1,910.)
(e) Return on common stockholders equity. (Stockholders equitycommon on 12/31/20 was $920.)
(f) Debt to assets ratio.
(g) Times interest earned.

2022

2021

(a) Current ratio

enter a number for current ratio rounded to 2 decimal places

:1

enter a number for current ratio rounded to 2 decimal places

:1
(b) Inventory turnover

enter the Inventory turnover in times rounded to 2 decimal places

times

enter the Inventory turnover in times rounded to 2 decimal places

times
(c) Profit margin

enter Profit margin in percentages rounded to 1 decimal place

%

enter Profit margin in percentages rounded to 1 decimal place

%
(d) Return on assets

enter Return on assets in percentages rounded to 1 decimal place

%

enter Return on assets in percentages rounded to 1 decimal place

%
(e) Return on common stockholders equity

enter Return on common stockholders equity in percentages rounded to 1 decimal place

%

enter Return on common stockholders equity in percentages rounded to 1 decimal place

%
(f) Debt to assets ratio

enter Debt to assets ratio in percentages rounded to 1 decimal place

%

enter Debt to assets ratio in percentages rounded to 1 decimal place

%
(g) Times interest earned

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