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Using the following comparative balance sheet and income statement for Orange Inc to answer Questions 1-8. Assets Current Assets: Cash Accounts receivable (net) Inventory Prepaid
Using the following comparative balance sheet and income statement for Orange Inc to answer Questions 1-8. Assets Current Assets: Cash Accounts receivable (net) Inventory Prepaid expenses Orange Inc Comparative Balance Sheet December 31 Total current assets Property, plant, and equipment (net) Intangible assets Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Wages payable Total current liabilities Long-term liabilities Common stock Retained earnings 2022 Sales revenue Cost of goods sold Gross profit margin Selling and administrative expenses Income from operations Other revenue and expense Interest expense 118,500 110,000 220,000 234,000 Total liabilities and stockholders' equity $682,500 Income before income taxes Income tax expense Net income $80,800 87,800 112,500 $59,400 38,000 102,850 28,400 26,000 309,500 226,250 235,000 190,500 138,000 138,000 $682,500 $554.750 102,000 16,500 Orange Inc Comparative Income Statement For the Year Ended December 31 2022 $388,460 135,460 253,000 66,410 186,590 2021 4,730 181,860 27,280 $154.580 67,300 21,000 88,300 146,000 175,000 145,450 $554,750 2021 $324,200 113,470 210,730 64,840 145,890 8,900 136,990 27,398 $109,592 Please follow directions below regarding how to enter your answer. You should enter percentages in the form of a decimal. For example, if you computed "25.2%", you would enter your answer as "0.252." Failure to follow directions will result in your answer being marked incorrect. Compute Orange Inc's Net Profit Margin for 2022. Enter your answer in the form of a decimal. Round your answer to three decimal places. Question 8 10pts Orange Inc. only has one class of stock-common stock. On December 31, 2022, 8,800 shares of common stock were outstanding. Compute Orange Inc's Earnings per Share for 2022. Round your answer to three decimal places. Do not enter a dollar sign. Compute Orange Inc's Net Profit Margin for 2022. Enter your answer in the form of a decimal. Round your answer to three decimal places. Question 8 10pts Orange Inc. only has one class of stock-common stock. On December 31, 2022, 8,800 shares of common stock were outstanding. Compute Orange Inc's Earnings per Share for 2022. Round your answer to three decimal places. Do not enter a dollar sign
Using the following comparative balance sheet and income statement for Orange Inc to answer Questions 1-8. Assets Current Assets: Cash Accounts receivable (net) Inventory Prepaid expenses Orange Inc Comparative Balance Sheet December 31 Total current assets Property, plant, and equipment (net) Intangible assets Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Wages payable Total current liabilities Long-term liabilities Common stock Retained earnings 2022 Sales revenue Cost of goods sold Gross profit margin Selling and administrative expenses Income from operations Other revenue and expense Interest expense 118,500 110,000 220,000 234,000 Total liabilities and stockholders' equity $682,500 Income before income taxes Income tax expense Net income $80,800 87,800 112,500 $59,400 38,000 102,850 28,400 26,000 309,500 226,250 235,000 190,500 138,000 138,000 $682,500 $554.750 102,000 16,500 Orange Inc Comparative Income Statement For the Year Ended December 31 2022 $388,460 135,460 253,000 66,410 186,590 2021 4,730 181,860 27,280 $154.580 67,300 21,000 88,300 146,000 175,000 145,450 $554,750 2021 $324,200 113,470 210,730 64,840 145,890 8,900 136,990 27,398 $109,592 Please follow directions below regarding how to enter your answer. You should enter percentages in the form of a decimal. For example, if you computed "25.2%", you would enter your answer as "0.252." Failure to follow directions will result in your answer being marked incorrect.
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