Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12) 1. 2. 3. 5. 6. Return on assets Profit margin Payout ratio Debt assets ratio Current ratio Return on common stockholders' equity 10000 % % %6 :1

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Question

Subject: accounting 

Selected financial information for CraneCorporation as of December are presented below.
Current assets
Current liabilities
Stockholders' equity
Total assets
1.
Net sales and net income for 2014 were $468,000 and $37.440 respectively. Dividends of $4.160 were declared for common
stockholders and $6,240for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders'
equity.
Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2
decimal places, e.g. 2.12)
2.
3
4.
5.
6.
Return on assets
Profit margin
Payout ratio
Debt assets ratio
2013
$104,640 $80,080
43,680
36,400
124,800 110,240
312,000
280,800
Current ratio
2014
Return on common stockholders' equity
9
%
:1
96
Transcribed Image Text:Selected financial information for CraneCorporation as of December are presented below. Current assets Current liabilities Stockholders' equity Total assets 1. Net sales and net income for 2014 were $468,000 and $37.440 respectively. Dividends of $4.160 were declared for common stockholders and $6,240for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12) 2. 3 4. 5. 6. Return on assets Profit margin Payout ratio Debt assets ratio 2013 $104,640 $80,080 43,680 36,400 124,800 110,240 312,000 280,800 Current ratio 2014 Return on common stockholders' equity 9 % :1 96
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