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Here is financial information for Oriole Inc. December 31, 2027 December 31, 2026 Current assets $122,800 $100,000 Plant assets (net) 395,343 327,000 Current liabilities 117,615 71,000 Long-term liabilities 132,528 88,000 Common stock, $1 par 130,500 116,000 Retained earnings 137,500 152,000 Condensed Balance Sheets December 31 2027 2026 Amount Increase or (Decrease) Percentage Assets Current assets $122,800 $100,000 22800 22.8 % Plant assets (net) 395,343 327,000 68343 20.9 % Total assets $518,143 $427,000 $ 91143 21.34 % Liabilities Current liabilities $117,615 $71,000 18886 26.6 % Long-term liabilities 132,528 88,000 44528 50.6 % Total liabilities 250,143 159,000 63414 39.88 % Stockholders' Equity Common stock, $1 par 130,500 116,000 49996 43.1 ୪୧ % Retained earnings 137,500 152,000 -22267 -14.65 % Total stockholders' equity 268,000 268,000 27729 10.35 % Total liabilities and stockholders' equity $518,143 $427,000 91143 21.34 %

Here is financial information for Oriole Inc. December 31, 2027 December 31, 2026 Current assets $122,800 $100,000 Plant assets (net) 395,343 327,000 Current liabilities 117,615 71,000 Long-term liabilities 132,528 88,000 Common stock, $1 par 130,500 116,000 Retained earnings 137,500 152,000 Condensed Balance Sheets December 31 2027 2026 Amount Increase or (Decrease) Percentage Assets Current assets $122,800 $100,000 22800 22.8 % Plant assets (net) 395,343 327,000 68343 20.9 % Total assets $518,143 $427,000 $ 91143 21.34 % Liabilities Current liabilities $117,615 $71,000 18886 26.6 % Long-term liabilities 132,528 88,000 44528 50.6 % Total liabilities 250,143 159,000 63414 39.88 % Stockholders' Equity Common stock, $1 par 130,500 116,000 49996 43.1 ୪୧ % Retained earnings 137,500 152,000 -22267 -14.65 % Total stockholders' equity 268,000 268,000 27729 10.35 % Total liabilities and stockholders' equity $518,143 $427,000 91143 21.34 %

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Here is financial information for Oriole Inc. December 31, 2027 December 31, 2026 Current assets $122,800 $100,000 Plant assets (net) 395,343 327,000 Current liabilities 117,615 71,000 Long-term liabilities 132,528 88,000 Common stock, $1 par 130,500 116,000 Retained earnings 137,500 152,000
Transcribed Image Text:Here is financial information for Oriole Inc. December 31, 2027 December 31, 2026 Current assets $122,800 $100,000 Plant assets (net) 395,343 327,000 Current liabilities 117,615 71,000 Long-term liabilities 132,528 88,000 Common stock, $1 par 130,500 116,000 Retained earnings 137,500 152,000
Condensed Balance Sheets December 31 2027 2026 Amount Increase or (Decrease) Percentage Assets Current assets $122,800 $100,000 22800 22.8 % Plant assets (net) 395,343 327,000 68343 20.9 % Total assets $518,143 $427,000 $ 91143 21.34 % Liabilities Current liabilities $117,615 $71,000 18886 26.6 % Long-term liabilities 132,528 88,000 44528 50.6 % Total liabilities 250,143 159,000 63414 39.88 % Stockholders' Equity Common stock, $1 par 130,500 116,000 49996 43.1 ୪୧ % Retained earnings 137,500 152,000 -22267 -14.65 % Total stockholders' equity 268,000 268,000 27729 10.35 % Total liabilities and stockholders' equity $518,143 $427,000 91143 21.34 %
Transcribed Image Text:Condensed Balance Sheets December 31 2027 2026 Amount Increase or (Decrease) Percentage Assets Current assets $122,800 $100,000 22800 22.8 % Plant assets (net) 395,343 327,000 68343 20.9 % Total assets $518,143 $427,000 $ 91143 21.34 % Liabilities Current liabilities $117,615 $71,000 18886 26.6 % Long-term liabilities 132,528 88,000 44528 50.6 % Total liabilities 250,143 159,000 63414 39.88 % Stockholders' Equity Common stock, $1 par 130,500 116,000 49996 43.1 ୪୧ % Retained earnings 137,500 152,000 -22267 -14.65 % Total stockholders' equity 268,000 268,000 27729 10.35 % Total liabilities and stockholders' equity $518,143 $427,000 91143 21.34 %
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