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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 %

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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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 %
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 %
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