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Current Attempt in Progress The comparative statements of Crane Company are presented here. CRANE COMPANY Income Statements For the Years Ended December 31 2022 2021

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Current Attempt in Progress The comparative statements of Crane Company are presented here. CRANE COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,895,690 $1.756,500 Cost of goods sold 1,067,055 1.012,000 Gross profit 828,635 744,500 Selling and administrative expenses 506,000 485,000 Income from operations 322,635 259,500 Other expenses and losses Interest expense 23,900 21,900 Income before income taxes 298,735 237,600 Income tax expense 94,005 74,900 Net income $ 204,730 $ 162,700 CRANE COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 59,048 $ 64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable 123,800 108,800 Inventory 127,900 117,400 Total current assets 384,748 340,400 Plant assets (net) 663,000 534,300 Total assets $1.047.748 $874,700 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 166,000 $151,400 Income taxes payable 45,400 43,900 Total current liabilities 211,400 195,300 Bonds payable 234,000 214,000 Total liabilities 445,400 409,300 Stockholders' equity Common stock ($5 par) $) 290,000 300,000 Retained earnings 312,348 165,400 Total stockholders' equity 602.348 465,400 Total liabilities and stockholders' equity $1,047.748 $874,700 All sales were on account. Net cash provided by operating activities for 2022 was $244,020. Capital expenditures were $135,000, and cash dividends were $57,782. Compute the following ratios for 2022. (Round current ratio, earnings per share and asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 2.5%. Use 365 days in calculation.) (a) Earnings per share $ (b) Return on common stockholders' equity % (c) Return on assets % (d) Current ratio :1 le) Accounts receivable turnover times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (i) Times interest earned times 02 Asset turnover times (k) Debt to assets ratio % (0) Free cash flow $ $

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