Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT URCES Crane Company Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant,

image text in transcribed

CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT URCES Crane Company Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Cammon stock Retained earnings Total liabilities and stockholders' equity 2022 $ 29,000 76,000 139,800 63,000 560,000 $ 867,800 2021 $ 21,400 65,000 113,700 60,500 466,000 726,600 $ 76,500 $ 69,000 B1,500 96.000 340,000 296,000 369,800 265,600 $ 267,200 $726,600 Crane Company Income Statements For the Years Ended December 31 2022 Sales revenue $771,900 Cost of goods sold 444,000 Operating expenses (including income taxes) 252,000 Net Income $ 75,900 2021 $687,000 410,000 220,000 $ 57,000 Additional information: Net cash provided by operating activities Cash used for capital expenditures Dividends pald Weighted average common shares outstanding $78,600 $39,500 $24,000 33,000 $64,000 $45,000 $12,000 30,000 Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, c.g. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, c.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2022 2021 (a) Earnings per share. S $ (b) Working capita. S $ (c) Current ratio. (d) Debt to assets ratio. (e) Free cash flow. s

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_2

Step: 3

blur-text-image_3

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

CPA Excel Auditing And Attestation

Authors: Robert A. Prentice

1st Edition

0977165876, 978-0977165872

More Books

Students also viewed these Accounting questions