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The following comparative information is available for Oriole Company for 2 0 2 5 . Sales revenue: ( LIFO $ 8 1 , 0 0
The following comparative information is available for Oriole Company for
Sales revenue: LIFO $FIFO $
Cost of goods sold: LIFO FIFO
Operating expenses including depreciation:LIFO FIFO
Depreciation: LIFO FIFO
A Determine net income under each approach. Assume a tax rate.
B Determine net cash provided by operating activities under each approach. Assume that all sales were on a cash basis and that income taxes and operating expenses, other than depreciation, were on a cash basis.
C Calculate the quality of earnings ratio under each approach. Round answers to decimal places, eg
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