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Compute these values and ratios for 2024 and 2025. (Round Earnings per share to 2 decimal places, eg. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, eg. 15.2:1 or 15.2%. Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45)) (a) (c) Earnings per share Current ratio acent $ 2025 2024

Compute these values and ratios for 2024 and 2025. (Round Earnings per share to 2 decimal places, eg. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, eg. 15.2:1 or 15.2%. Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45)) (a) (c) Earnings per share Current ratio acent $ 2025 2024

FINANCIAL ACCOUNTING
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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Compute these values and ratios for 2024 and 2025. (Round Earnings per share to 2 decimal places, eg. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, eg. 15.2:1 or 15.2%. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) (a) (c) (d) Earnings per share Current ratio Debt to assets ratio $ 2025 2024 :1
Transcribed Image Text:Compute these values and ratios for 2024 and 2025. (Round Earnings per share to 2 decimal places, eg. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, eg. 15.2:1 or 15.2%. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) (a) (c) (d) Earnings per share Current ratio Debt to assets ratio $ 2025 2024 :1
Condensed balance sheet and income statement data for Oriole Company are presented as follows. Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Oriole Company Balance Sheets December 31 Sales revenue Net income 2025 Dividends paid $27,800 Additional information: 89,000 70,700 63,800 520,000 58,400 59,600 463,000 $771,300 $661,600 $75,000 Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $771,300 $661,600 63,834 339,000 2024 293,466 $20.100 Cost of goods sold Operating expenses (including income taxes) 60,500 $69,500 79,360 303,500 209,240 Oriole Company Income Statements For the Years Ended December 31 Weighted-average common shares outstanding 2025 458,000 $771,300 $704,600 244,000 $ 69,300 $25,000 4 33,000 2024 417,000 227,000 $ 60,600 $12,000 30,000
Transcribed Image Text:Condensed balance sheet and income statement data for Oriole Company are presented as follows. Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Oriole Company Balance Sheets December 31 Sales revenue Net income 2025 Dividends paid $27,800 Additional information: 89,000 70,700 63,800 520,000 58,400 59,600 463,000 $771,300 $661,600 $75,000 Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $771,300 $661,600 63,834 339,000 2024 293,466 $20.100 Cost of goods sold Operating expenses (including income taxes) 60,500 $69,500 79,360 303,500 209,240 Oriole Company Income Statements For the Years Ended December 31 Weighted-average common shares outstanding 2025 458,000 $771,300 $704,600 244,000 $ 69,300 $25,000 4 33,000 2024 417,000 227,000 $ 60,600 $12,000 30,000
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