Compute Financial ratios

Current Ratio, Quick Ratio, Reeivables turnover, Inventory turnover, Profit margin, Asset turnover, Return on assets, Return on equity, Earnings per Share,

Price-earnings, Cash Dicidend payot, Debt Ratio, Debt-to-Equity, and Times Interest earned

Orange Company

Income Statement

For the Years Ended December 31

2013

2012

Net sales (all on account)

$ 600,000

$ 520,000

Expenses:

Cost of Goods Sold

$ 415,000

$ 354,000

Selling and administrative

$ 120,800

$ 114,600

Interest Expense

$ 7,800

$ 6,000

Income Tax Expense

$ 18,000

$ 14,000

Total expenses

$ 561,600

$ 488,600

Net Income

$ 38,400

$ 31,400

Additional Data:

1. The common stock recently sold at $19.50 per share.

2. Cash dividends in the amount of $15,400 were paid-out in 2013.

Orange Company
Balance Sheets
December 31
					2013	2012
Assets
Current Assets
Cash					$ 21,000	$ 18,000
Short-term investments					$ 18,000	$ 15,000
Accounts Receivable					$ 86,000	$ 74,000
Inventory					$ 90,000	$ 70,000
Total Current Assets					$ 215,000	$ 177,000
Plant Assets					$ 423,000	$ 383,000
Total Assets					$ 638,000	$ 560,000
Liabilities and Stockholder's Equity
Current Liabilities
Accounts Payable					$ 122,000	$ 110,000
Income Taxes Payable					$ 23,000	$ 20,000
Total Curent Liabilities					$ 145,000	$ 130,000
Long-term Liabilities
Bonds Payable					$ 120,000	$ 80,000
Total Liabilities					$ 265,000	$ 210,000
Stockholder's Equity
Common Stock ($5 par value)					$ 150,000	$ 150,000
Retained Earnings					$ 223,000	$ 200,000
Total Stockholder's Equity					$ 373,000	$ 350,000
Total Liabilities and Stockholder's Equity					$ 638,000	$ 560,000

												Retained Earnings					$ 223,000	$ 200,000
												Total Stockholder's Equity					$ 373,000	$ 350,000
												Total Liabilities and Stockholder's Equity					$ 638,000	$ 560,000