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* Exercise 13-13 Tho Condensed OO My Blackboard Content - Black Homeworko-Ch13 us.com courses/35800/assignments/3759281 View Policies Current Attempt in Progress The condensed financial statements of

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* Exercise 13-13 Tho Condensed OO My Blackboard Content - Black Homeworko-Ch13 us.com courses/35800/assignments/3759281 View Policies Current Attempt in Progress The condensed financial statements of Crane Company for the years 2016 and 2017 are presented pport CRANE COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 570 500 Inventory 520 450 Prepaid expenses 130 160 Total current assets 1.550 1.470 Property, plant, and equipment (net) 410 380 Investments 110 110 Intangibles and other assets 530 510 Total assets $2,600 $2.470 Current liabilities $920 $890 Long-term liabilities 540 440 Stockholders' equity-common 1.140 1.140 Total liabilities and stockholders' equity $2,600 $2.470 CRANE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2017 2016 Sales revenue $3.860 $3.520 Costs and expenses Cost of goods sold 1,070 990 Wackboard Content-Bac o n wond-o carcise 13-The Candes OC de 13-3 The + om 35860assignments/379281 Total liabilities and stockholders' equity $2,600 $2.470 CRANE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2017 2016 Sales revenue $3.560 2520 Costs and expenses Cost of goods sold 11020 Selling & administrative expenses Interest Expense Total costs and expenses Income before income taxes Income tax expense Nelcome 5228 $100 al places and all other s to decimo Compute the following ratios for 2017 and 2016. Round current ratio places. 18 or 12.6%) (a) Current ratio, the ory turnover D ory on December 31 2015 was 100 I Prott margin ( Return on assets Assets on December 31, 2015, were 82 150). el Return on common stockholders coulty outy on December 31, 2015, was S980). x C Exercise 13-13 The Condensed OneClass Bere 13-The + My Blackhard Content - Blax Homework-CH3 o ssignment/3759281 .com C (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2015, was $400.) d) Profit margin id) Return on assets. (Assets on December 31, 2015, were $2,110.) lel Return on common stockholders' equity (Equity on December 31, 2015, was $980.) in Debt to assets ratio. e Times interest earned. 2017 Current ratia Inventory turnover. Prohtmargin Return on assets Return on common stockholders' equity Debt to assets ratio Times interested Attempt of used TWERO SDFGHJK |

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