Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Additional information: The weighted-average common shares outstanding during the year was 50,000 . (a) Compute the following values and ratios for 2025. (We provide the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Additional information: The weighted-average common shares outstanding during the year was 50,000 . (a) Compute the following values and ratios for 2025. (We provide the results from 2024 for comparative purposes) (Round Current Rotio and Earnings per share to 2 decimal ploces, es. 15.25:1 or 15.25 and Debt to assets ratio to 1 decimal ploce, es. 78.9% Enter negative amounts using either a negative sign preceding the number es. -45 or parentheses es (45)] (i) Working capital. (2024:\$160,500) (ii) Current ratio. (2024:1.65:1) (iii) Debt to assets ratio. (2024:31\%) (iv) Earnings per share. (2024:\$3.15) The tollowing are financial statements of Crane company. (i) Working capital, (2024:$160,500) (ii) Current ratio. (2024: 1.65:1) (iii) Debt to assets ratio. (2024:31\%) (iv) Earnings per share. (2024:\$3.15) (i) Working capital (ii) Current ratio (iii) Debt to assets ratio (iv) Earnings pershare Crane Company Balance Sheet December 31, 2025 Assets Current assets Cash $57,400 Debt investments 87,000 Accounts receivable (net) 169,400 Inventory 199,200 Total current assets 513,000 Plant assets (net) 573,000 Total assets $1,086,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $158,000 Income taxes payable 32,000 Total current liabilities 190,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting International Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

6th Edition

978-0470623275

More Books

Students also viewed these Accounting questions

Question

What is group replacement? Explain with an example. (2-3 lines)

Answered: 1 week ago