The income statement for Crane, Inc. is as follows: CRANE, INC. Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Expenses (including $24,000 interest and $41,200 income taxes) Net income 1 2 3. Additional information: Common stock outstanding January 1, 2021 was 54,000 shares and 64,000 shares were outstanding at December 31, 2021. The market price of Crane, Inc, stock was $16 in 2021. Cash dividends of $18.450 were paid, S $1.430 of which were to la) Earnings per share S (d) Compute the following measures for 2021: (Round Earnings per share to 2 decimal places, e.g. 52.75. Round other answers to 1 decimal place, eg. 52.7.) Price-earnings ratio Payout ratio $472,000 Times interest earned 274,000 198,000 124,000 $74,000 to preferred stockholders. % times times
The income statement for Crane, Inc. is as follows: CRANE, INC. Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Expenses (including $24,000 interest and $41,200 income taxes) Net income 1 2 3. Additional information: Common stock outstanding January 1, 2021 was 54,000 shares and 64,000 shares were outstanding at December 31, 2021. The market price of Crane, Inc, stock was $16 in 2021. Cash dividends of $18.450 were paid, S $1.430 of which were to la) Earnings per share S (d) Compute the following measures for 2021: (Round Earnings per share to 2 decimal places, e.g. 52.75. Round other answers to 1 decimal place, eg. 52.7.) Price-earnings ratio Payout ratio $472,000 Times interest earned 274,000 198,000 124,000 $74,000 to preferred stockholders. % times times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
199.
Subject : - Accounting
Transcribed Image Text:The income statement for Crane, Inc. is as follows:
CRANE, INC.
Income Statement
For the Year Ended December 31, 2021
Sales revenue
Cost of goods sold
Gross profit
Expenses (including $24,000 interest and $41,200 income taxes)
Net income
Additional information:
Common stock outstanding January 1, 2021 was 54,000 shares and 64,000 shares were outstanding at December 31, 2021.
The market price of Crane, Inc, stock was $16 in 2021.
Cash dividends of $18.450 were paid, $1.430 of which were to preferred stockholders.
1
2
3
Compute the following measures for 2021: (Round Earnings per share to 2 decimal places, e.g. 52.75. Round other answers to 1
decimal place, eg. 52.7.)
la) Earnings per share
S
(d)
Price-earnings ratio
Payout ratio
$472,000
274,000
198,000
124,000
$74,000
Times interest earned
times
%
times
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