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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 54CE
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