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Your answer is incorrect. Try again. Oriole Company has these comparative balance sheet data: ORIOLE COMPANY Balance Sheets 2017 2016 Cash 25,635 51,270 Accounts receivable
Your answer is incorrect. Try again. Oriole Company has these comparative balance sheet data: ORIOLE COMPANY Balance Sheets 2017 2016 Cash 25,635 51,270 Accounts receivable (net) 119,630 102,540 102,540 85,450 341,800 307,620 $589,605 546,880 85,450 102,540 Mortgage payable (15%) 170,900 170,900 Common stock, $10 par 239,260 205,080 93,995 68300 $589,605 546,880 Inventory Plant assets (net) Accounts payable Retained earnings Additional information for 2017: 1. Net income was $33,900 2. Sales on account were $395,200. Sales returns and allowances amounted to $28,100 3. Cost of goods sold was $217,500 4. Net cash provided by operating activities was $56,500 5. Capital expenditures were $26,600, and cash dividends were $20,800 Compute the following ratios at December 31, 2017. (Round free cash flow to 0 decimal places, e.g. 5,275 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) (a) Current ratio. (b) Accounts receivable turnover. (c) Average collection period. (d) Inventory turnover (e) Days in inventory (f) Free cash flow 97 imes 182.5 days 64 times 222.6 days 12300
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