Reference no: EM132927537

Question - Oriole Company provides you with the following balance sheet information as of December 31, 2022.

Current assets $10,120

Current liabilities $10,560

Long-term assets 23,320

Long-term liabilities 12,320

Total assets $33,440

Stockholders' equity 10,560

Total liabilities and stockholders' equity $33,440

In addition, Oriole reported net income for 2022 of $14,080, income tax expense of $2,816, and interest expense of $1,147.

Compute the current ratio and working capital for Oriole for 2022.

Assume that at the end of 2022, Oriole used $2,640 cash to pay off $2,640 of accounts payable. Compute the new ratios.

Compute the debt to assets ratio and the times interest earned for Oriole for 2022.