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ORIOLE COMPANY Balance Sheets December 31 2022 Cash Accounts receivable (net) Inventory Plant assets (net) $ 37,350 174,300 149 400 498,000 $859,050 $ 124,500 249.000
ORIOLE COMPANY Balance Sheets December 31 2022 Cash Accounts receivable (net) Inventory Plant assets (net) $ 37,350 174,300 149 400 498,000 $859,050 $ 124,500 249.000 348.600 136.950 $859 050 2021 $74.700 149.400 124.500 448.200 $796,800 $ 149.400 249.000 298.800 99.600 $796.800 Accounts payable Mortgage payable (159) Common stock, $10 par Retained earning Additional information for 2022. 1. 2. Net income was $ 34 100. Sales on account were $888.000. Sales returns and allowances amounted to $27.900. Cost of goods sold was $224 200. Net cash provided by operating activities was $59 100 Capital expenditures were $27,400, and cash dividends were $ 19 400. Additional information for 2022: 1. 2. 6. Net income was $34 100. Sales on account were $383,000. Sales returns and allowances amounted to $27.900. Cost of goods sold was $224200. Net cash provided by operating activities was $59.100. Capital expenditures were $27.400, and cash dividends were $19.400. 4. 5. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) (a) Current ratio. Accounts receivable turnoven times (c) Average collection period. days al Inventory turnoven e Days in inventory days Free cash flow $
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