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Comparative financial statement data for Cullumber Company and Crane Company, two competitors, appear below. All balance sheet data or as of December 31, 2022 Comparative
Comparative financial statement data for Cullumber Company and Crane Company, two competitors, appear below. All balance sheet data or as of December 31, 2022
Comparative financial statement data for Cullumber Company and Crane Company, two competitors, appear below. All balance sheet data are as of December 31, 2022 Cullumber Company 2022 Crane Company 2022 $930,000 Net sales $2,700,000 1,762,500 510,000 424,500 147.000 13,500 3.000 127,500 54,000 398,000 192.280 795,000 184.220 Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paldon common stock Weighted average common shares outstanding 99,500 50,600 162.960 51,055 207.000 54,000 135,000 30,000 54.000 22.500 80,000 50,000 (a) Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, c.8 $2.78.) Net Income Earnings per share Cullumber Company $ Crane Company $ (b) Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.3.0.7: 1.) Working Capital Current Ratio Cullumber Company $ 11 Crane Company $ (C) c Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Debt to Assets Free Cash Flow Cullumber Company % $ Crane Company % $ Step by Step Solution
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