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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.)

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PB
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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: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.)
earnings per share turnover debt to assets ratio = return on common stockholders equity : = inventory
Transcribed Image Text:earnings per share turnover debt to assets ratio = return on common stockholders equity : = inventory
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