Oriole company reports the following account balances at december 31, 2022: accounts payable $7,900 accounts receivable 7,900 cash 8,600 intangible assets 22,400 inventory 37,800 long-term investments 23,000 long-term liabilities 110,000 short-term investments 4,300 notes payable (short-term) 18,600 property, plant, and equipment 245,000 prepaid insurance 1,260 salaries and wages payable 2,700 land held for future use 71,000 compute the company’s (a) working capital and (b) current ratio.

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)