The following financial information is for Oriole Company. ORIOLE COMPANY Balance Sheets December 31 Assets 2022 Cash $ 69,200 Debt investments (short-term) 51,000 Accounts receivable 107,000 Inventory 234,000 Prepaid expenses 26,000 Land 135,000 Building and equipment (net) 261,000 Total assets $883,200 Liabilities and Stockholders' Equity Notes payable $170,920 Accounts payable 66,000 Accrued liabilities 42,000 Bonds payable, due 2025 251,000 Common stock, $10 par 204,000 Retained earnings 149,280 Total liabilities and stockholders' equity $883,200 2021 $ 70,000 40,000 92,000 167,000 23,000 135,000 184,000 $711,000 $106,000 52,000 42,000 170,000 204,000 137.000 $711,000 ORIOLE COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue $885,550 $783,000 Cost of goods sold 641,600 568,000 Gross profit 243,950 215.000 Operating expenses 190,817 160,190 Net income $ 53,133 $ 54,810 Additional information: 1. 2. 3. Inventory at the beginning of 2021 was $117,000. Accounts receivable (net) at the beginning of 2021 were $88,000. Total assets at the beginning of 2021 were $631,000. No common stock transactions occurred during 2021 or 2022. All sales were on account. 4. 5. (11) Compute the liquidity and profitability ratios of Oriole Company for 2021 and 2022. (Round current ratio, asset turnover and earnings per share 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, eg.-1.83% or (1.83%).) 2022 2021 % LIQUIDITY Current ratio :1 :1 times times Accounts receivables turnover Inventory turnover times times 2022 2021 % Change PROFITABILITY Profit margin % % Asset turnover times times Return on assets % % Earnings per share $ $ (a 1) Compute the liquidity and profitability ratios of Oriole Company for 2021 and 2022. (Round current ratio, asset turnover and earnings per share 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, eg.-1.83% or (1.83%).) 2022 2021 % Change :1 :1 % ibles turnover times times % er times times 96 2022 2021 % Change TABILITY margin 96 96 % urnover times times 6 i on assets % % %6 gs per $ 96