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The following financial information is for Oriole Company. Additional information: 1. Inventory at the beginning of 2024 was $117,000. 2. Accounts receivable (net) at the
The following financial information is for Oriole Company. Additional information: 1. Inventory at the beginning of 2024 was $117,000. 2. Accounts receivable (net) at the beginning of 2024 were $88,000. 3. Total assets at the beginning of 2024 were $631,000. 4. No common stock transactions occurred during 2024 or 2025. 5. All sales were on credit. The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2025, and (2) as of December 31, 2026, and percentage change in each ratio after giving effect to the situation. (Round Debt to assets ratio to 0 decimal places, e.g. 15 and round all other answers to 1 decimal place \& intermediate calculation to two decimal places wherever required, e.g. 15.5. Round \% change to 0 decimal places, for e.g. 1% and if % change is a decrease show the numbers as negative, e.g. -1\% or (1\%).)
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