CRANE COMPANY Income Statements For the Years Ended December 31
		2017		2016
Net sales		$1,896,140		$1,756,100
Cost of goods sold		1,064,140		1,011,600
Gross profit		832,000		744,500
Selling and administrative expenses		505,600		484,600
Income from operations		326,400		259,900
Other expenses and losses
Interest expense		23,800		21,800
Income before income taxes		302,600		238,100
Income tax expense		93,800		74,800
Net income		$ 208,800		$ 163,300

CRANE COMPANY Balance Sheets December 31
Assets		2017		2016
Current assets
Cash		$ 60,100		$ 64,200
Debt investments (short-term)		74,000		50,000
Accounts receivable		123,400		108,400
Inventory		127,800		117,300
Total current assets		385,300		339,900
Plant assets (net)		659,000		530,300
Total assets		$1,044,300		$870,200
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable		$ 165,600		$151,000
Income taxes payable		45,300		43,800
Total current liabilities		210,900		194,800
Bonds payable		230,000		210,000
Total liabilities		440,900		404,800
Stockholders’ equity
Common stock ($5 par)		290,000		300,000
Retained earnings		313,400		165,400
Total stockholders’ equity		603,400		465,400
Total liabilities and stockholders’ equity		$1,044,300		$870,200

All sales were on account. Net cash provided by operating activities for 2017 was $236,000. Capital expenditures were $136,000, and cash dividends were $60,800.

(a)		Earnings per share		$Enter earnings per share in dollars
(b)		Return on common stockholders’ equity		Enter the return on common stockholders' equity in percentages	%
(c)		Return on assets		Enter the return on assets in percentages	%
(d)		Current ratio		Enter the current ratio	:1
(e)		Accounts receivable turnover		Enter the accounts receivable turnover in times	times
(f)		Average collection period		Enter the average collection period in days	days
(g)		Inventory turnover		Enter the inventory turnover in times	times
(h)		Days in inventory		Enter the number of days in inventory	days
(i)		Times interest earned		Enter the times interest earned	times
(j)		Asset turnover		Enter the assets turnover in times	times
(k)		Debt to assets ratio		Enter the debt to assets ratio in percentages	%
(l)		Free cash flow		$Enter the free cash flow in dollars