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Compute the liquidity and profitability ratios of Crane Company for 2021 and 2022. (Round current ratio, asset turnover and earnings per share to 2 decimal
Compute the liquidity and profitability ratios of Crane Company for 2021 and 2022. (Round current ratio, asset turnover and earnings per share to 2 decimal places, eg 1.83 and all other answers to 1 decimal ploce, eg. 18 or 1.8%. If % change is a decrease show the numbers as negative, eg. -1.83% or (1.83%))
The following financial information is for Crane Company. 1. Ihentary at the beginning of 2021 was $117900. 2. Accounts receivatie (net) at the beginning of 2021 were $89000. 3. Total actets at the boginning of 2021 were $642.000 4. Nocommon stock transictien occurred durint 2021 or 2022. 5. All sales were on account. (a1) - Wour answer ia parbially correct. Compute the liquidity and proftability ratios of Crane Compary for 2021 and 2022. (Round arrent ntis, esset aumover and eamirgs per share to 2 decinal ploces, es, 1.85 and all other arawes to 1 decinal ploce, es 1.8 or 1.8x ar W charge as a decrease show the nunbes as neputhe, es-1.83\% or (1.83xe)Step by Step Solution
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