Condensed balance sheet and income statement data for Oriole Corporation are presented here.CashAccounts receivable (net)Other current assetsInvestmentsProperty, plant, and equipment (net)Current liabilitiesLong-term debtCommon stock, $10 parRetained earningsOriole CorporationBalance SheetsDecember 312022$ 30,10049,80089,60055,100500,100$724,70024$84,500145.700381,000113.500$724,700SalesLess: Sales returns and allowancesNet salesCost of goods soldGross profitOperating expenses (including income taxes)Net incomeOriole CorporationIncome StatementFor the Years Ended December 312022$16,10045,50095,00070,000370,800$597,400$79,40084,300319,000114,700$597,4002021$744.50039 200705 300424.700280,600188.911$91.6892021$605,40030,700574.700366.000208.700151 200$57.4702020$18,30047,90063,00046,000358,600$533,800306,000107,400$533,800$69,70050,700Additional information:The market price of Oriole's common stock was $7.00,57.50 and $8.50 for 2020 2021 and 2022, respectivelyYou must compute dividends declared. All declared dividends were cald in cash in the year of declaration (a)Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65. Round payoutratio and debt to assets ratio to O decimal places, eg. 18%. Round all other answers to 1 decimal place, eg. 6.8 or 6.8%)(1)(2)(3)(4)(5)(6)Profit margin.Gross profit rateAsset turnoverEarnings per sharePrice-earnings ratioPayout ratioDebt to assets ratio$2021%timestimes$2022%Ntimestimes

Condensed balance sheet and income statement data for Oriole Corporation are presented here. Oriole Corporation Balance Sheets December 31 Cash Accounts receivable (net) Other current assets Investments Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross proft 2022 $ 30,100 49,800 89,600 55,100 Additional information 500,100 $724,700 $84.500 145,700 381,000 113.500 $724,700 Oriole Corporation Income Statement For the Years Ended December 31 2022 $744.500 Operating expenses including Income taxes Net income 95,000 70,000 370,800 $597,400 $79,400 2021 39.200 $ 16,100 45,500 319,000 114,700 $597,400 705.300 424.700 280.600 188.911 $91.609 84,300 2021 2020 $ 18,300 47,900 63,000 46,000 358,600 $533,800 $605,400 30,700 574.700 $533,800 366.000 208.700 151200 $57470 $69,700 50,700 306,000 107,400 The market price of Oriole's common stock was $7.00 57.50 and 58.50 for 2020 2021 and 2022, respectively You must compute dividends declared All declared divid

Condensed balance sheet and income statement data for Oriole Corporation are presented here. Oriole Corporation Balance Sheets December 31 Cash Accounts receivable (net) Other current assets Investments Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross proft 2022 $ 30,100 49,800 89,600 55,100 Additional information 500,100 $724,700 $84.500 145,700 381,000 113.500 $724,700 Oriole Corporation Income Statement For the Years Ended December 31 2022 $744.500 Operating expenses including Income taxes Net income 95,000 70,000 370,800 $597,400 $79,400 2021 39.200 $ 16,100 45,500 319,000 114,700 $597,400 705.300 424.700 280.600 188.911 $91.609 84,300 2021 2020 $ 18,300 47,900 63,000 46,000 358,600 $533,800 $605,400 30,700 574.700 $533,800 366.000 208.700 151200 $57470 $69,700 50,700 306,000 107,400 The market price of Oriole's common stock was $7.00 57.50 and 58.50 for 2020 2021 and 2022, respectively You must compute dividends declared All declared divid

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The balance sheet for Shankland Corporation follows: 000'009 $ 000006 Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings 000 0000 000 00 000 009' 000 006 Total liabilities and stockholders' equity 000'00s Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne EnterprisesCurrent assets:Cash and cash equivalents $ 2,494 $ 541Current investments 125Net receivables 1,395 217Inventory 10,710 8,600Other current assets 773 301Total current assets $15,372 $9,784Current liabilitiesCurrent debt $ 1,321 $ 47Accounts payable 8,871 5,327Other current liabilities 1,270 2,334Total current…
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Compute the debt ratio from the data shown below: Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings bef interest and taxes (EBIT) 2007 $1,290 9,890 13,760 $24,940 $18,060 $43.000 $8,170 6,020 4.730 $18,920 $8,815 $27.735 $5,805 2.460 $15.265 $43,000 2007 $51.600 48,246 903 $2,451 K
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From the following information of Axis Limited compute the Replacement Cost Value / Net Substantial Value Liabilities Equity Share Capital Preference Share Capital Reserves and Surplus Adjustment Long-term Debt Short-term Debt Creditors Amount (Mn$) 2000 1100 800 1400 800 1700 Assets 1100 Debtors 8,900 Fixed Assets Inventories Cash and Bank Balance Amount (Mn$) 4100 2350 1150 1300 8,900
II. The following is a comparative balance sheet of ABC Co. for December 31, 2022 and 2021: Cash and cash equivalents Accounts receivable Inventories Investment in bonds at amortized cost Equipment Accumulated depreciation Total Assets Accounts payable Bonds payable, due 2025 Ordinary stock, P20 par Share premium Retained earnings Total Liabilities and Equity Additional information: . 2022 250,000 327,600 822,000 0 . 2,400,000 (700,000) 3,099,600 359,000 0 1,800,000 280,000 660,600 3,099,600 2021 220,000 356,000 780,000 200,000 2,040,000 (760,000) 2,836,000 • Net income for 2022, P545,600. Depreciation reported on income statement, P140,000. Fully depreciated equipment, no salvage value, was scrapped. Equipment was purchased for P560,000. Bonds of P400,000 were retired at their face value. 281,000 400,000 1,600,000 200,000 355,000 2,836,000 10,000 shares of ordinary stock were issued for cash of P28 per share. Cash dividends declared and paid, P240,000 Investment in bonds with carrying…