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Comparative financial statements for The Crane Company Ltd. are shown below. THE CRANE COMPANY LTD. Balance Sheet December 31 Assets 20212020 Current assets Cash Accounts
Comparative financial statements for The Crane Company Ltd. are shown below. THE CRANE COMPANY LTD. Balance Sheet December 31 Assets 20212020 Current assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Total assets Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Income tax payable $902,107 $888,494 Current portion of mortgage payable Total current liabilities Mortgage payable Total liabilities Shareholders' equity Common shares (59,260 issued in 2021;63,030 in 2020) 177,780189,090 Retained earnings Total shareholders' equity 594,307416,527506,203317,113 Additional information: 1. All sales were on account. 2. The allowance for doubtful accounts was $5,696 in 2021 and $4,745 in 2020 . 3. On July 1, 2021, 3,770 shares were reacquired for $10 per share and cancelled. 4. In 2021, 54,550 of dividends were paid to the common shareholders. 5. Cash provided by operating activities was $320,271. 6. Cash used by investing activities was $170,352. Calculate all possible liquidity, solvency, and profitability ratios for 2021. (Round answers for Collection period, Days sales in inventory. Operating cycle and Free cash flow to 0 decimal places, eg. 125. Round answer for Earnings per share to 2 decimal places, es. 12.56. Round all other answers to 1 decimal place, eg. 12.5 or 12.5%.) Calculate all possible liquidity, solvency, and prohtability ratios for 2021 . (Round answers for Collection periad, Days sales in inventork Opervting oycle and Free cash fiow to O decimal ploces, es. 125. Round answer for Eamings per share to 2 decimal places, es: 12.56. Round all other answers to 1 decinal ploce, eg. 12.5 or 12.5% ) tbook and Media
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