Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 10 Financial Aralysis. The BHomework Question 2 of 4 CRANE COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $59,048 $6573 Debt

Chapter 10 Financial Aralysis. The BHomework Question 2 of 4 CRANE COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $59,048 $6573 Debt investments (short-term) 74,000 50,000 Accounts receivable 123,800 108.800 Inventory 127,900 117.400 Total current assets 384,748 340,400 Plant assets (net) 663.000 534,300 Total assets $1,047,748 $874,700 Liabilities and Stockholders' Equity Current liabilities Accounts payable $166,000 $151,400 Income taxes payable 45,400 43.900 Total current liabilities 211.400 195,300 Bonds payable 234.000 214.000 Total liabilities 445,400 409,300 Stockholders' equity Common stock ($5 par) 290.000 300,000 Retained earnings 312 348 165.400 Total stockholders' equity 602.348 465.400 Total liabilities and stockholders equity $1.047.748 $874,700 All sales were on account. Net cash provided by operating activities for 2022 was $244,020 Capital expenditures wes and cash dividends were $57.782 Compute the following ratios for 2022 (Round current ratio, earnings per share and asset turmover to 2 decimal places eg 2 other answers to 1 decimal place. es 1 or 2.5% Use 365 days in calculation) flowed Sites arson Connexus B Brainly.com Login-Delta College G Chapter 10-Financial Analysis: The Big Picture - Homework Question 2 of 4 All sales were on account. Net cash provided by operating activities for 2022 was $244,020. and cash dividends were $57,782. Compute the following ratios for 2022 (Round current ratio, earnings per share and asset turnover to 2 decimal places swers to 1 decimal place, eg. 1.8 or 2.5% Use 365 days in calculation [a] Earnings per share $ (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover Average collection period (c) Inventory turnover (h) Days in inventory 60 Times interest earned B Asset turnover Debt to assets ratio, Free cash flow eTextbook and Media % % 1 times days times days times times Attempts: 0 of 3 used i Submit Arimage text in transcribedimage text in transcribedimage text in transcribed

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

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

15th Edition

0077328701, 9780077328702

More Books

Students also viewed these Accounting questions

Question

How can the use of sexist language be harmful?

Answered: 1 week ago

Question

Speak clearly and distinctly with moderate energy

Answered: 1 week ago

Question

Get married, do not wait for me

Answered: 1 week ago