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Compute working capital and current ratios for each company

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Question - Comparative financial statement data for Oriole Corporation and Sheffield Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022.

Oriole Corporation

Sheffield Corporation

2022

2022

Net sales

$2,376,000

$818,400

Cost of good sold

1,551,000

448,800

Operating Expenses

373,560

129,360

Interest expense

11,880

5,016

Income tax expense

112,200

47,520

Current assets

437,745

195,822

Plant assets (net)

702,240

184,441

Current liabilities

87,549

44,505

Long-term liabilities

143,220

53,703

Required - Compute working capital and the current ratios for each company for 2022.

Reference no: EM133118209

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