The financial statements of Oriole Company appear below: ORIOLECOMPANY Comparative Balance Sheet December 31 Assets 2021 2020 Cash $42,700 $56,000 Debt investments 36,000 76,000 Accounts receivable (net) 66,000 46,000 Inventory 156,000 186,000 Property, plant and equipment (net) 202,900 216,000 Total assets $503,600 $580,000 Liabilities and stockholders' equity Accounts payable $41,000 $46,000 56,000 106,000 Short-term notes payable Bonds payable 91,000 176,000 Common stock 176,000 161,000 Retained earnings 139,600 91,000 Total liabilities and stockholders' equity $503,600 $580,000 ORIOLECOMPANY Income Statement For the Year Ended December 31, 2021 Net sales (all on credit) $456,000 Cost of goods sold 200,000 Gross profit 256,000 Expenses Interest expense $27,000 Selling expenses 46,000 36,000 Administrative expenses Total expenses 109,000 147,000 Income before income taxes Income tax expense 43,400 Net income $103,600 Additional information: a. Cash dividends of $55,000 were declared and paid on common stock in 2021. b. The weighted average number of shares of common stock outstanding during 2021 was 55,000 b C. The weighted average number of shares of common stock outstanding during 2021 was 55,000, The market price of common stock on December 31, 2021, was $16 per share. Net cash provided by operating activities for 2021 was $86,000 d. Using the financial statements and additional information, compute the following ratios for the Oriole Company for 2021. (Use 365 days for calculation. Round Inventory turnover answer to 2 decimal places, c.8. 52.72. Other all answers to 1 decimal place, eg. 527) 1. Current ratio :1 2 Return on common stockholders' equity % 3. Price-earnings ratio times 4. Inventory turnover :1 5. Accounts receivable turnover times 6. Times interest earned times 7 Proft margin % 8. Days in inventory days 1. Current ratio $1 2 Return on common stockholders' equity % 3 Price-earnings ratio times 4. Inventory turnover 1 5. Accounts receivable turnover times 6. Times interest earned times 7. Profit margin % B. Days in inventory days 9. Payout ratio % 10 Return on assets %