The following financial information is for Oriol Company ORIOLE COMPANY Balance Sheets December 31 Assets 2017 Cash $ 70,000 Debt investments (short-tarm) 51.000 Accounts receivable 107.000 Inventory 224,000 Prepaid expenses 26.000 Land 135,000 Building and equipment (net 261.000 Tatal assets $894,000 Liabilities and Stockholders' Equity Notes payable $172.000 Accounts payable 66,000 Accrued abilities 42.000 Bonds payable, due 2020 251.000 Common stock. $10 par 204,000 Retained earnings 149.000 Total liabilities and stockholders' equity $894,000 2016 $69.000 40.000 92.000 167,000 23.000 125,000 194.000 $710.000 $106.000 52.000 42.000 170,000 204000 136.000 $710,000 ORIOLE COMPANY Income Statements For the Years Ended December 31 2017 2016 Sales revenus $892.000 $791,000 Cost of goods sold 641.000 574.000 Gross profit 241,000 207,000 Operating expenses 190.000 160,000 Net income $ 51.000 $ 47,000 Additional information: 1. 2. Inventory at the beginning of 2016 was $117,000. Accounts receivable (net) at the beginning of 2016 were $82,000. Total assets at the beginning of 2016 were $631,000. No common stock transactions occurred during 2016 or 2017. All sales were on account. 4 5. Compute the liquidity and profitability ratios of Oriple Company for 2016 and 2017. Round current ratio, earnings per share and asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 1.8%. If % change is a decrease show the numbers as negative, es-1.03% or (1.83561 2017 2016 % Change LIQUIDITY Current ratio Accounts receivables turnover Inventory turnover times times times times 2017 2016 times times PROFITABILITY Profit margin Asset turnover Return on assets Earnings per share 2 S in The following are thres independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2017, and (2) as of December 21, 2018, after giving effect to the situation. (Round all answers to 1 decimal places, eg 1.8 or 1.8%. If change is a decrease show the numbers as negative.eg.-183%or (1.83%) Ratio 1 Situation 19,000 shares of common stock were sold at par on July 1 2018. Net income for 2012 was S55,000 All of the notes payable were paid in 2018. All other liabilities remained at the same levels as at December 31, 2018. At December 31, 2018, total assets were $895.000 The market price of common stock was $9 and $12 on December 31, 2017 and 2018, respectively. Net income for 2016 was $55.000 Return on common stockholders' equity Debt to assets ratio 2. 3. Price-carnings ratio 2018 2017 % Change Return on common stockholders Equity Debt to assets ratio Price sarnings ratio 95 times e Textbook and Media