The comparative statements of Oriole Company are presented here. ORIOLE COMPANY Income Statements For the Years Ended December 31     2022   2021 Net sales   $2,067,400   $1,925,000 Cost of goods sold   1,147,000   1,126,720 Gross profit   920,400   798,280 Selling and administrative expenses   560,000   536,480 Income from operations   360,400   261,800 Other expenses and losses            Interest expense   24,640   22,400 Income before income taxes   335,760   239,400 Income tax expense   100,728   71,820 Net income   $ 235,032   $ 167,580   ORIOLE COMPANY Balance Sheets December 31 Assets   2022   2021 Current assets            Cash   $ 67,312   $ 71,904    Debt investments (short-term)   82,880   56,000    Accounts receivable   131,936   115,136    Inventory   141,120   129,360      Total current assets   423,248   372,400 Plant assets (net)   726,880   582,736 Total assets   $1,150,128   $955,136 Liabilities and Stockholders’ Equity         Current liabilities            Accounts payable   $ 179,200   $162,848    Income taxes payable   48,720   47,040      Total current liabilities   227,920   209,888 Bonds payable   246,400   224,000      Total liabilities   474,320   433,888 Stockholders’ equity            Common stock ($5 par)   324,800   336,000    Retained earnings   351,008   185,248      Total stockholders’ equity   675,808   521,248 Total liabilities and stockholders’ equity   $1,150,128   $955,136 All sales were on account. Net cash provided by operating activities for 2022 was $246,400. Capital expenditures were $152,320, and cash dividends were $69,272. Compute the following ratios for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a)   Earnings per share   $enter earnings per share in dollars    (b)   Return on common stockholders’ equity   enter return on common stockholders’ equity in percentages  % (c)   Return on assets   enter return on assets in percentages  %

Retail Corporation reported the following Income Statement for the past two years: Retail Corporation Comparative Income Statement For the Years Ended December 31, 2021 and 2020       2021   2020         Amount   Amount     Sales    $  30,100,100    $  26,210,200     Cost of goods sold      22,425,500        18,950,800     Gross profit          7,674,600          7,259,400     Selling expenses        1,525,500          1,480,600     Administrative expenses        1,425,300          1,325,000     Total operating expenses        2,950,800          2,805,600     Income from operations        4,723,800          4,453,800     Interest Expense            190,500              210,600     Other income                62,500                55,500     Income before income tax        4,595,800          4,298,700     Income tax expense        1,608,500          1,312,400     Net income    $    2,987,300    $    2,986,300                 a. What was Retail…

Selected comparative financial statements of Korbin Company follow.  KORBIN COMPANY Comparative Income Statements For Years Ended December 31   2021 2020 2019 Sales $ 508,246 $ 389,358 $ 270,200 Cost of goods sold 305,964 246,853 172,928 Gross profit 202,282 142,505 97,272 Selling expenses 72,171 53,731 35,666 Administrative expenses 45,742 34,264 22,427 Total expenses 117,913 87,995 58,093 Income before taxes 84,369 54,510 39,179 Income tax expense 15,693 11,175 7,953 Net income $ 68,676 $ 43,335 $ 31,226   KORBIN COMPANY Comparative Balance Sheets December 31   2021 2020 2019 Assets       Current assets $ 60,248 $ 40,324 $ 53,904 Long-term investments 0 1,000 3,350 Plant assets, net 113,627 103,113 62,412 Total assets $ 173,875 $ 144,437 $ 119,666 Liabilities and Equity       Current liabilities $ 25,386 $ 21,521 $ 20,942 Common stock 66,000 66,000 48,000 Other paid-in capital 8,250 8,250 5,333 Retained earnings 74,239 48,666…

Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021.     Bramble Company   Debra Company     2022   2021   2022   2021 Net sales   $1,896,000       $561,000     Cost of goods sold   1,020,048       297,330     Operating expenses   257,856       79,662     Interest expense   7,584       3,927     Income tax expense   54,984       6,171     Current assets   322,500   $310,000   83,500   $78,000 Plant assets (net)   520,800   500,300   139,800   123,000 Current liabilities   64,200   75,600   34,400   29,600 Long-term liabilities   108,400   90,400   28,400   26,000 Common stock, $10 par   498,000   498,000   122,500   122,500 Retained earnings   172,700   146,300   38,000   22,900   Compute the 2022 return on assets and the return on common stockholders’ equity ratios for both companies. (Round answers to 1 decimal…

Below are the Income Statement and Balance Sheet for Palmer Corporation               for the years ended 2020 and 2021. Calculate the liquidity ratios in the table to the right               for the year ended 2021.                               Palmer Corporation   Comparative Income Statement   For the Years Ended December 31, 2021 and 2020         2021   2020           Amount   Amount       Sales   $5,750,900   $4,894,800       Cost of goods sold   3,646,700   3,195,600       Gross profit   2,104,200   1,699,200       Selling expenses   775,500   688,700       Administrative expenses   863,900   815,200       Total operating expenses   1,639,400   1,503,900       Income from operations   464,800   195,300       Other income   102,500   84,600       Income before income tax   567,300   279,900       Income tax expense   200,600   101,200       Net income   $366,700   $178,700                                     Palmer Corporation…

Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Bramble Company 2022 $1,896,000 1.020,048 257,856 Return on assets 7,584 54,984 322,500 520,800 O 64,200 Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings 2021 Return on common stockholders' equity 520,800 64,200 Debra Company $561,000 297,330 79,662 3,927 6,171 $310,000 83,500 $78,000 500,300 139,800 123,000 75,600 29,600 108,400 498,000 172,700 2022 34,400 500,300 2021 498,000 146,300 Bramble Company 75,600 90,400 67.2 % % 139,800 34,400 28,400 122,500 Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, eg. 12.1%) 38,000 123,000 Debra Company 29,600…

(Current Purchasing Power Accounting, A Normative Accounting Theory) Financial statements in historical cost of Steven Ltd are shown as follows: Statement of financial performance for year ended 31 December 2022 Sales 1,650,000 Less Cost of goods sold 1,285,000 Gross profit 365,000 Less Operating expenses 156,000 201,600 45,600 163,400 Statement of financial position at the end of financial year 31-Dec 31-Dec 2021 2022 150,000 175,000 165,000 870,000 1,360,000 170,000 450,000 740,000 1,360,000 Depreciation Net profit Assets Current assets Cash Accounts receivable Inventory Non-current assets Equipment (net depreciation) Total assets Liabilities Current liabilities Accounts payable Shareholders' equity Share capital Retained profit Total liabilities and equity of + 317,000 350,000 210,000 824,400 + 1,701,400 348,000 450,000 903,400 1,701,400 K

Use the information above to calculate cash flows from operating activities using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities $ 42,000 S 42.000 42.000

CAN SOMEONE HELP ME WITH THE RATIOS?   The comparative statements of Wahlberg Company are presented here. Wahlberg CompanyIncome StatementFor the Years Ended December 31     2020   2019 Net sales   $1,813,600     $1,750,700   Cost of goods sold   1,007,100     978,000   Gross profit   806,500     772,700   Selling and administrative expenses   519,800     472,000   Income from operations   286,700     300,700   Other expenses and losses                Interest expense   17,100     14,200   Income before income taxes   269,600     286,500   Income tax expense   80,015     77,500   Net income   $ 189,585     $ 209,000     Wahlberg CompanyBalance SheetsDecember 31 Assets   2020   2019 Current assets                 Cash   $60,600     $64,600       Debt investments (short-term)   69,100     50,300       Accounts receivable   117,500     102,800       Inventory   123,600     115,600         Total…

Cochran corporation, Inc. has the following income statement: Cochran corporation, Inc.  Income statement For the year ended December 31, 2021 net sales                       $240 Cost of goods sold      $150 gross profit                    $90 Operating expenses      $65 Net income                      $25   Using vertical analysis, what percentage is assigned to operating expenses? a. 27,1% b. 43.3% c. 72.2% d. 260.0%