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Current Attempt in Progress The following information pertains to Crane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume
Current Attempt in Progress The following information pertains to Crane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 40000 Accounts receivable (net) 20000 Inventory 15000 Property, plant and equipment 250000 Total Assets $325000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities $ 40000 35000 Stockholders' equity-common 250000 Total Liabilities and Stockholders' Equity $325000 Sales (net) Cost of goods sold Income Statement Gross profit Operating expenses Net income $150000 60000 90000 25000 $ 65000 Number of shares of common stock 5000 Market price of common stock $18 Dividends per share 0.40 What is the return on common stockholders' equity for Crane? 26.0% 53.8% 20.0% O 12.3%
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