The following information pertains to Oriole Company: Cash $22,000...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The following information pertains to Oriole Company:
Cash
$22,000
Accounts receivable
125,500
Inventory
75,500
Plant assets (net)
384,500
Total assets
$607,500
Accounts payable
$75,000
Accrued taxes and expenses payable
25,000
Long-term debt
49,500
Common stock ($10 par)
155,000
Paid-in capital in excess of par
88,500
Retained earnings
214,500
Total equities
$607,500
Net sales (all on credit)
$801,500
Cost of goods sold
602,000
Net income
81,000
Compute the following:
(a) Current ratio :1 (b) Inventory turnover times (c) Accounts receivable turnover times (d) Book value per share $ (e) Earnings per share $ (f) Debt to assets % (g) Profit margin on sales % (h) Return on common stockholders' equity %
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
