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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. Your answer is partially correct. Compute liquidity and profitability ratios, and indicate the percentage change in liquidity and profitability ratios of Oriole Company from 2024 to 2025 . (Note: Not all profitability ratios can be computed, nor can cash-basis ratios be computed.) (Round
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