The comparative statements of Crane Company are presented here. Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income Total current assets Crane Company Income Statements For the Years Ended December 31 Assets Current assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Crane Company Balance Sheets December 31 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1,813,600 1,013,400 2022 $60,000 70,200 117,400 123,700 371,300 598,900 $970,200 $160,800 43,500 78,019 $ 189,981 204,300 220,000 424,300 2022 275,600 270,300 545,900 $970,200 800,200 514,800 285,400 17,400 268,000 2021 $64,700 49,600 101,100 115,500 330,900 523,900 $854,800 $144,700 41,800 186,500 200,000 386,500 300,100 168,200 468,300 $854,800 2021 $1,746,200 990.000 756,200 474,000 282,200 14,400 267,800 77,600 $ 190,200 All sales were on credit. Net cash provided by operating activities for 2022 was $230,000. Capital expenditures were $136,000, and cash dividends paid were $87,881. Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.)
The comparative statements of Crane Company are presented here. Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income Total current assets Crane Company Income Statements For the Years Ended December 31 Assets Current assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Crane Company Balance Sheets December 31 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1,813,600 1,013,400 2022 $60,000 70,200 117,400 123,700 371,300 598,900 $970,200 $160,800 43,500 78,019 $ 189,981 204,300 220,000 424,300 2022 275,600 270,300 545,900 $970,200 800,200 514,800 285,400 17,400 268,000 2021 $64,700 49,600 101,100 115,500 330,900 523,900 $854,800 $144,700 41,800 186,500 200,000 386,500 300,100 168,200 468,300 $854,800 2021 $1,746,200 990.000 756,200 474,000 282,200 14,400 267,800 77,600 $ 190,200 All sales were on credit. Net cash provided by operating activities for 2022 was $230,000. Capital expenditures were $136,000, and cash dividends paid were $87,881. Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The comparative statements of Crane Company are presented here.
Net sales
Cost of goods sold
Gross profit
Selling and administrative expenses
Income from operations
Other expenses and losses
Interest expense
Income before income taxes
Income tax expense
Net income
Assets
Current assets
Crane Company
Income Statements
For the Years Ended December 31
Plant assets (net)
Total assets
Cash
Debt investments (short-term)
Accounts receivable (net)
Inventory
Total current assets
Crane Company
Balance Sheets
December 31
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable
Income taxes payable
Total current liabilities
Bonds payable
Total liabilities
Stockholders' equity
Common stock ($5 par)
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
$1,813,600
1,013,400
2022
$60,000
70,200
117,400
123,700
371,300
$ 189,981
598,900
$970,200
$160,800
43,500
204,300
220,000
424,300
275,600
2022
270,300
545.900
$970,200
800,200
514,800
285,400
17,400
268,000
78,019
2021
$64,700
49,600
101,100
115,500
330,900
523,900
$854,800
$144,700
41,800
186,500
200,000
386,500
300,100
168,200
468,300
$854,800
2021
$1,746,200
990.000
756,200
474,000
282,200
14,400
267,800
77,600
$ 190,200
All sales were on credit. Net cash provided by operating activities for 2022 was $230,000. Capital expenditures were $136,000, and
cash dividends paid were $87,881.
Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places,
e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.)
Transcribed Image Text:earnings per share
turnover debt to assets ratio
=
return on common stockholders equity :
=
inventory
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