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need help calculating this out! CRANE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2017 $3,980$3,640 2016 Sales revenue $3,640 Costs and
need help calculating this out!
CRANE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2017 $3,980$3,640 2016 Sales revenue $3,640 Costs and expenses 1,030 2,400 10 3,440 540 216 950 2,330 20 3,300 340 136 s324$204 Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net income $ 204 Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) Current ratio (b) Inventory turnover. (Inventory on December 31, 2015, was $390.) (c) Profit margin (d) Return on assets. (Assets on December 31, 2015, were $2,720.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $950.) (f) Debt to assets ratio (g) Times interest earned 2017 2016 Current ratio Inventory turnover. Profit margin Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned times timesStep by Step Solution
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