(a)Compute liquidity and profitability ratios, and indicate the percentage change in liquidity and profitability ratios of OrioleCompany from 2024 to 2025. (Note: Not all profitability ratios can be computed, nor can cash-basis ratios be computed.) (RoundCurent ratio, Asset turnover and Earnings per share 2 decimal places, e.g. 15.50. Round % change to O decimal places, for eg. 1%. Roundall other answers to 1 decimal place, e.g. 15.5. If % change is a decrease show the numbers as negative, e.g. -1% or (1%).)LIQUIDITYCurrent ratioAccountsreceivableturnoverInventoryturnoverPROFITABILITYProfit marginAsset turnoverReturn on assetsEarnings per share $Save for Later20252025:1timestimes%times%$20242024:1timestimes%times%% ChangeAttempts: 0 of 1 used% ChangeSubmit Answer%%% The following financial information is for Oriole Company.AssetsCashDebt investments (short-term)Accounts receivable (net)InventoryPrepaid expensesLandBuilding and equipment (net)Total assetsNet salesCost of goods soldGross profitOperating expensesNet incomeAdditional information:1.2.Oriole CompanyBalance SheetsDecember 31Oriole CompanyIncome StatementsFor the Years Ended December 313.4.5.2025$882,000641,000241,0002025190,000$51,000$70,000Liabilities and Stockholders' EquityNotes payable (current)Accounts payableAccrued liabilitiesBonds payable, due 2028Common stock, $10 parRetained earningsTotal liabilities and stockholders' equity $884,000 $710,00051,000107,000234,00026,000135,000261,00066,00042,000$884,000 $710,000251,000204,000$172,000 $106,000149,0002024$781,000574,0002024207,000$69,00040,00092,000167,000160,00023,000$47,000135,000184,00052,00042,000170,000204,000136,000Inventory at the beginning of 2024 was $117,000.Accounts receivable (net) at the beginning of 2024 were $88,000.Total assets at the beginning of 2024 were $631,000.No common stock transactions occurred during 2024 or 2025.All sales were on credit.

Ratio Analysis -The ratio is the technique used by the prospective investor or an individual or…

The following financial information is for Oriole Company. Oriole Company Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable (current) Accounts payable Net sales Cost of goods sold Gross profit Operating expenses Net income Additional information: 1. Oriole Company Income Statements For the Years Ended December 31 2 3. 4. 5. Accrued liabilities Bonds payable, due 2028 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity $884,000 2025 $882,000 641,000 241,000 190,000 2025 $51,000 $70,000 51,000 107,000 234,000 26,000 135,000 261.000 $884,000 $172,000 66,000 42,000 251,000 204,000 149,000 2024 $781,000 574,000 207,000 160,000 $47,000 2024 $69,000 40,000 92,000 167,000 23,000 135,000 184,000 $710,000 $106,000 52.000 42,000 170,000 204,000 136,000 $710,000 Inventory at the beginning of 2024 was $117,000. Accounts receivable (net) at the beginning of 2024 were $88,000. Total assets at the beginning of 2024 were $631,000. No common stock transactions occurred during 2024 or 2025. All sales were on credit.

The following financial information is for Oriole Company. Oriole Company Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable (current) Accounts payable Net sales Cost of goods sold Gross profit Operating expenses Net income Additional information: 1. Oriole Company Income Statements For the Years Ended December 31 2 3. 4. 5. Accrued liabilities Bonds payable, due 2028 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity $884,000 2025 $882,000 641,000 241,000 190,000 2025 $51,000 $70,000 51,000 107,000 234,000 26,000 135,000 261.000 $884,000 $172,000 66,000 42,000 251,000 204,000 149,000 2024 $781,000 574,000 207,000 160,000 $47,000 2024 $69,000 40,000 92,000 167,000 23,000 135,000 184,000 $710,000 $106,000 52.000 42,000 170,000 204,000 136,000 $710,000 Inventory at the beginning of 2024 was $117,000. Accounts receivable (net) at the beginning of 2024 were $88,000. Total assets at the beginning of 2024 were $631,000. No common stock transactions occurred during 2024 or 2025. All sales were on credit.

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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