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begin{tabular}{|c|c|c|} hline multicolumn{3}{|c|}{CRANECOMPANYIncomeStatementsFortheYearsEndedDecember31} hline & 2022 & 2021 hline Net sales & $1,898,740 & $1,758,700 hline Cost of goods sold & 1,066,740

image text in transcribedimage text in transcribedimage text in transcribed \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{CRANECOMPANYIncomeStatementsFortheYearsEndedDecember31} \\ \hline & 2022 & 2021 \\ \hline Net sales & $1,898,740 & $1,758,700 \\ \hline Cost of goods sold & 1,066,740 & 1,014,200 \\ \hline Gross profit & 832,000 & 744,500 \\ \hline Selling and administrative expenses & 508,200 & 487,200 \\ \hline Income from operations & 323,800 & 257,300 \\ \hline \multicolumn{3}{|l|}{ Other expenses and losses } \\ \hline Interest expense & 23,700 & 21,700 \\ \hline Income before income taxes & 300,100 & 235,600 \\ \hline Income tax expense & 93,700 & 74,700 \\ \hline Net income & $206,400 & $160,900 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{CRANECOMPANYBalanceSheetsDecember31} \\ \hline Assets & 2022 & 2021 \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & $60,100 & $64,200 \\ \hline Debt investments (short-term) & 74,000 & 50,000 \\ \hline Accounts receivable & 126,000 & 111,000 \\ \hline Inventory & 127,700 & 117,200 \\ \hline Total current assets & 387,800 & 342,400 \\ \hline Plant assets (net) & 660,000 & 531,300 \\ \hline Total assets & $1,047,800 & $873,700 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities } \\ \hline Accounts payable & $168,200 & $153,600 \\ \hline Income taxes payable & 45,200 & 43,700 \\ \hline Total current liabilities & 213,400 & 197,300 \\ \hline Bonds payable & 231,000 & 211,000 \\ \hline Total liabilities & 444,400 & 408,300 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity } \\ \hline Common stock ( $5 par) & 290,000 & 300,000 \\ \hline Retained earnings & 313,400 & 165,400 \\ \hline Total stockholders' equity & 603,400 & 465,400 \\ \hline Total liabilities and stockholders' equity & $1,047,800 & $873,700 \\ \hline \end{tabular} All sales were on account. Net cash provided by operating activities for 2022 was $238,000. Capital expenditures were $136,000, and cash dividends were $58,400. Compute the following ratios for 2022. (Round earnings per share, current ratio and asset turnover to 2 decimal places, e.g. 1.83. Round return on common stockholders' equity, return on assets, accounts receivable turnover, average collection period, inventory turnover, days in

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