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Crane Company has these comparative balance sheet data: Crane Company Balance Sheets December 31 2022 2021 Cash $15.000 $30,000 69,000 60,000 Inventory 61,000 $1,000
Crane Company has these comparative balance sheet data: Crane Company Balance Sheets December 31 2022 2021 Cash $15.000 $30,000 69,000 60,000 Inventory 61,000 $1,000 197,000 184,000 $342,000 $325,000 $50,000 159,500 Bonds able (15%) 100.000 100,000 Common stock $10 per 137,000 120,000 $5,000 45,500 $343,000 $325,000 Additional information for 2022 2. Sales on account were $412,750 Sales returns and allowances amounted to $19,300 3. Cost of goods s$195,000 4 Net cash provided by operating activities w$44,100 Capitals were $26300, and cash dividends pad were $0.400 The bonds payable are due in 2035 Additional information for 2022: 1 Net Income was $25,100 2 Sales on account were $412,750. Sales returns and allowances amounted to $19,300. 3. Cost of goods sold was $196,000. 4. Net cash provided by operating activities was $44,100. Capital expenditures were $26,800, and cash dividends paid were $8,600. 6 The bonds payable are due in 2005. Compute the following ration at December 31, 2022. maddestoz ta (a) Current ratio Accounts receivable turnover 11 times (c) Average collection period days (d) Inventory turnover times (e) Days in inventory Free cash flow eTextbook and Media days
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