Oriole Company Balance Sheets December 31 Assets Cash Receivables (net) Other current assets 2022 2021 $28,400 $20,800 77,000 61,500 67,100 53,700 Long-term investments 62,200 61,000 Property, plant, and equipment (net) 610,000 488,000 Total assets $844,700 685,000 Liabilities and Stockholders' Equity. Current liabilities $75,000 $68,000 Long-term liabilities 84,500 96,000 Common stock 333,000 298,500 Retained earnings 352,200 222,500 Total liabilities and stockholders' equity $844,700 $685,000 Oriole Company Income Statements For the Years Ended December 31 2022 2021 Sales revenue $775,940 $674,200 Cost of goods sold 448,000 401,000 Operating expenses (including income taxes) 256,000 218,000 Net income $71,940 $55,200 Additional information: Net cash provided by operating activities $88,400 $60,000 Cash used for capital expenditures $39,500 $41,000 Dividends paid $30,000 $13,000 Weighted-average common shares outstanding 33,000 30,000 Compute these values and ratios for 2021 and 2022 (Round Earnings per share to 2 decimal places, eg. $2.78 and Current R and Debt to assets ratio to 1 decimal place, eg 15.2. Enter negative amounts using either a negative sign preceding the num eg.-45 or parentheses e.g. (45)) (a) Earnings per share. $ (b) Working capital. $ (c) Current ratio. (d) Debt to assets ratio. (e) Free cash flow. $ 2022 :1 % $ $ $ 2021 :1 %
Oriole Company Balance Sheets December 31 Assets Cash Receivables (net) Other current assets 2022 2021 $28,400 $20,800 77,000 61,500 67,100 53,700 Long-term investments 62,200 61,000 Property, plant, and equipment (net) 610,000 488,000 Total assets $844,700 685,000 Liabilities and Stockholders' Equity. Current liabilities $75,000 $68,000 Long-term liabilities 84,500 96,000 Common stock 333,000 298,500 Retained earnings 352,200 222,500 Total liabilities and stockholders' equity $844,700 $685,000 Oriole Company Income Statements For the Years Ended December 31 2022 2021 Sales revenue $775,940 $674,200 Cost of goods sold 448,000 401,000 Operating expenses (including income taxes) 256,000 218,000 Net income $71,940 $55,200 Additional information: Net cash provided by operating activities $88,400 $60,000 Cash used for capital expenditures $39,500 $41,000 Dividends paid $30,000 $13,000 Weighted-average common shares outstanding 33,000 30,000 Compute these values and ratios for 2021 and 2022 (Round Earnings per share to 2 decimal places, eg. $2.78 and Current R and Debt to assets ratio to 1 decimal place, eg 15.2. Enter negative amounts using either a negative sign preceding the num eg.-45 or parentheses e.g. (45)) (a) Earnings per share. $ (b) Working capital. $ (c) Current ratio. (d) Debt to assets ratio. (e) Free cash flow. $ 2022 :1 % $ $ $ 2021 :1 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Oriole Company
Balance Sheets
December 31
Assets
Cash
Receivables (net)
Other current assets
2022
2021
$28,400
$20,800
77,000
61,500
67,100
53,700
Long-term investments
62,200
61,000
Property, plant, and equipment (net)
610,000
488,000
Total assets
$844,700
685,000
Liabilities and Stockholders' Equity.
Current liabilities
$75,000 $68,000
Long-term liabilities
84,500
96,000
Common stock
333,000
298,500
Retained earnings
352,200
222,500
Total liabilities and stockholders' equity
$844,700
$685,000
Oriole Company
Income Statements
For the Years Ended December 31
2022
2021
Sales revenue
$775,940 $674,200
Cost of goods sold
448,000
401,000
Operating expenses (including income taxes)
256,000
218,000
Net income
$71,940
$55,200
Additional information:
Net cash provided by operating activities
$88,400 $60,000
Cash used for capital expenditures
$39,500 $41,000
Dividends paid
$30,000 $13,000
Weighted-average common shares outstanding
33,000
30,000
Compute these values and ratios for 2021 and 2022 (Round Earnings per share to 2 decimal places, eg. $2.78 and Current R
and Debt to assets ratio to 1 decimal place, eg 15.2. Enter negative amounts using either a negative sign preceding the num
eg.-45 or parentheses e.g. (45))
(a)
Earnings per share.
$
(b)
Working capital.
$
(c)
Current ratio.
(d)
Debt to assets ratio.
(e)
Free cash flow.
$
2022
:1
%
$
$
$
2021
:1
%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education