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Comparative financial statement data for Oriole Company and Blossom Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales. Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities. Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding Oriole Company Blossom Company 2022 2022 $2,556,000 1,668,500 401,860 9,640 120,800 518,100 755,900 94,200 160,600 195,960 127,800 51,120 80,000 $880,400 482,800 139,160 3,320 51,120 191,600 170,400 47,900 28,120 51,120. 28,400 21,300 50,000

Comparative financial statement data for Oriole Company and Blossom Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales. Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities. Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding Oriole Company Blossom Company 2022 2022 $2,556,000 1,668,500 401,860 9,640 120,800 518,100 755,900 94,200 160,600 195,960 127,800 51,120 80,000 $880,400 482,800 139,160 3,320 51,120 191,600 170,400 47,900 28,120 51,120. 28,400 21,300 50,000

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
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Problem 21BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...
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Comparative financial statement data for Oriole Company and Blossom Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities. Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding Oriole Company 2022 $2,556,000 1,668,500 401,860 9,640 120,800 518,100 755,900 94,200 160,600 195,960 127,800 51.120 80,000 Blossom Company 2022 $880,400 482,800 139,160 3,320 51,120 191,600 170,400 47,900 28,120 51,120 28,400 21,300 50,000
Transcribed Image Text:Comparative financial statement data for Oriole Company and Blossom Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities. Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding Oriole Company 2022 $2,556,000 1,668,500 401,860 9,640 120,800 518,100 755,900 94,200 160,600 195,960 127,800 51.120 80,000 Blossom Company 2022 $880,400 482,800 139,160 3,320 51,120 191,600 170,400 47,900 28,120 51,120 28,400 21,300 50,000
(a) Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, eg. $2.78) Earnings per share Oriole Company (b) Blossom Company 5 Compute working capital and the current ratio for each company for 2022. (Round current rotio to 1 decimal place, eg. 07:1) Working Capital Oriole Company Blossom Company (c) (b) Oriole Company Net Income Blossom Company S (c) Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, e.g. 78.9% Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg (45)) Oriole Company $ Blossom Company $ Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Debt to Assets Working Capital $ Current Ratio $ Free Cash Flow Debt to Assets Current Ratio Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, eg. 78.9%. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) % 11 Free Cash Flow $ % $ :1 2:1
Transcribed Image Text:(a) Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, eg. $2.78) Earnings per share Oriole Company (b) Blossom Company 5 Compute working capital and the current ratio for each company for 2022. (Round current rotio to 1 decimal place, eg. 07:1) Working Capital Oriole Company Blossom Company (c) (b) Oriole Company Net Income Blossom Company S (c) Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, e.g. 78.9% Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg (45)) Oriole Company $ Blossom Company $ Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Debt to Assets Working Capital $ Current Ratio $ Free Cash Flow Debt to Assets Current Ratio Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, eg. 78.9%. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) % 11 Free Cash Flow $ % $ :1 2:1
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