Current Attempt in Progress The following are financial statements of Crane Company. Crane Company Income Statement For the Year Ended December 31, 2022 Net sales $2,245,000 Cost of goods sold 1,010,000 Selling and administrative expenses 910,000 Interest expense 85,000 Income tax expense 72,000 Net income $ 168,000 146,350 Crane Company Balance Sheet December 31, 2022 Assets Current assets Cash $ 63,300 Debt investments 87,000 Accounts receivable (net) 169,100 Inventory Total current assets 465,750 Plant assets (net) 570,500 Total assets $ 1,036,250 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 165,000 Income taxes payable 42,000 Total current liabilities 207,000 Bonds payable 186,775 Total liabilities 393,775 Stockholders'equity Common stock 340,000 Retained earnings 302,475 Total stockholders' equity 642,475 Total liabilities and stockholders' equity $1,036,250 Additional information: The net cash provided by operating activities for 2022 was $191,200. The cash used for capital expenditures was $93,000. The cash used for dividends was $32.100. The weighted average common shares outstanding during the year was 50,000. (a) Compute the following values and ratios for 2022. (We provide the results from 2021 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places, es 15.25 and Debt to assets ratio to 1 decimal place, c.9. 78.9%. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheseses (451) Working capital. (2021: $160,500) ii) Current ratio. (2021: 1.65:1) (ii) Free cash flow. (2021: $48,700) (iv) Debt to assets ratio. (2021:31%) () Earnings per share. (2021: $3.15) Additional information: The net cash provided by operating activities for 2022 was $191,200. The cash used for capital expenditures was $93,000. The cash used for dividends was $32,100. The weighted average common shares outstanding during the year was 50,000. (a) Compute the following values and ratios for 2022. (We provide the results from 2021 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) (i) Working capital. (2021: $160,500) (ii) Current ratio. (2021: 1.65:1) (iii) Free cash flow. (2021: $48,700) (iv) Debt to assets ratio. (2021: 31%) (v) Earnings per share. (2021: $3.15) () Working capital (ii) Current ratio (iii) Free cash flow $ (iv) Debt to assets ratio (v) Earnings per share $
