Solve all questions otherwise leave it Oriole Company has been operating for several years, and on December 31, 2025, presented the following balance sheet.CashReceivablesInventoryPlant assets (net)(a)(b)(c)(d)ORIOLE COMPANYBalance SheetDecember 31, 2025$41,400 Accounts payableMortgage payableCommon stock ($1 par)Retained earningsCurrent ratioAcid-test ratio68,580104,520220,000$434,500The net income for 2025 was $26,070. Assume that total assets are the same in 2024 and 2025.Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)Debt to assets ratioReturn on assets$78,000%156,630%150,30049,570$434,500

CURRENT RATIOCurrent Ratio is the ratio between current assets & current liabilities. DEBT TO…

Oriole Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. Cash Receivables Inventory Plant assets (net) (a) (b) (c) (d) Current ratio ORIOLE COMPANY Balance Sheet December 31, 2025 $41,400 68,580 Acid-test ratio 104,520 220,000 $434,500 The net income for 2025 was $26,070. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) Accounts payable Mortgage payable Common stock ($1 par) Retained earnings Debt to assets ratio Return on assets $78,000 156,630 % 150,300 % 49,570 $434,500

Oriole Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. Cash Receivables Inventory Plant assets (net) (a) (b) (c) (d) Current ratio ORIOLE COMPANY Balance Sheet December 31, 2025 $41,400 68,580 Acid-test ratio 104,520 220,000 $434,500 The net income for 2025 was $26,070. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) Accounts payable Mortgage payable Common stock ($1 par) Retained earnings Debt to assets ratio Return on assets $78,000 156,630 % 150,300 % 49,570 $434,500

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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