Complete all Requirement Do not give solution in images format Total shareholders' equityTotal liabilities and shareholders' equityAdditional information:1.2.3.4.5.6.Show Transcribed Text1.Liquidity Ratios2.3.4.Calculate all possible liquidity, solvency, and profitability ratios for 2024. (Round answers for collection period, days sales in inventory,operating cycle and free cash flow to 0 decimal places, e.g. 125. Round answer for earnings per share to 2 decimal places, e.g. 12.56. Round allother answers to 1 decimal place, e.g. 12.5 or 12.5%. Use 365 days for calculation. Do not round intermediate calculations.)5.6.7.11.12.All sales were on account.13.14.15.16.17.The allowance for doubtful accounts was $5,823 in 2024 and $4,777 in 2023.On July 1, 2024, 4,190 shares were reacquired for $10 per share and cancelled.In 2024, $4,930 of dividends were paid to the common shareholders.Cash provided by operating activities was $336,911.Cash used by investing activities was $157,309.Current ratioShow Transcribed TextAcid-test ratioProfitability RatiosReceivables turnoverCollection periodInventory turnoverDays sales in inventoryOperating cycleGross profit marginProfit marginAsset turnoverReturn on assetsReturn on shareholders' equityEarnings per sharePayout ratio1.7$0.9VOTU670,868$970,28820.3 times1868days7.3 times50 daysdays46.6 %12.6 %2.025.4 %40.43.811.9484,108$868,835times%% Net salesCost of goods soldGross profitOperating expensesProfit from operationsInterest expenseProfit before income taxIncome tax expenseProfit for the yearShow Transcribed TextAssetsCurrent assetsCashAccounts receivableInventoryTotal current assetsTotal assetsProperty, plant, and equipmentTotal current liabilitiesShow Transcribed TextTotal current liabilities2024$1,854,990Mortgage payableTotal liabilities990,790864,200504,050360,15026,450Liabilities and Shareholders' EquityCurrent liabilities333,700Accounts payableIncome tax payableCurrent portion of mortgage payable100,110$233,5902023$1,868,180876,350991,830468,340523,49020,770502,720150,816THE ORIOLE COMPANY LTD.Balance SheetDecember 31$351,9043Shareholders' equityCommon shares (50,300 issued in 2024; 54,490 in 2023)Retained earnings2024$79,606103,011150,890333,507636,78143,97010,870194,740194,740$970,288 $868,835104,680$139,900 $114,897299,4202023150,900$63,742107,557519,968119,310290,609578,22638,50020,430173,827173,827210,900384,727163,470320,638

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Net sales Cost of goods sold Gross profit Operating expenses Profit from operations Interest expense Profit before income tax Income tax expense Profit for the year Show Transcribed Text Assets Current assets Cash Accounts receivable Inventory Total current assets Total assets Property, plant, and equipment Show Transcribed Text 2024 $1,854,990 Total current liabilities Mortgage payable Total liabilities 990,790 864,200 504,050 360,150 26,450 333,700 100,110 $233,590 Liabilities and Shareholders' Equity Current liabilities Accounts payable Income tax payable Current portion of mortgage payable Total current liabilities 2023 $1,868,180 876,350 991,830 468,340 523,490 20,770 502,720 THE ORIOLE COMPANY LTD. Balance Sheet December 31 150,816 $351,904 3 Shareholders' equity Common shares (50,300 issued in 2024; 54,490 in 2023) Retained earnings 2024 $79,606 103,011 150,890 43,970 10,870 194,740 333,507 636,781 $970,288 $868,835 194,740 $139,900 $114,897 104,680 299,420 2023 150,900 $63,742 519,968 107,557 119,310 290,609 578,226 38,500 20,430 173,827 173,827 210,900 384,727 163,470 320,638