Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 of 5 Total assets $1,088,514 $903,968 Liabilities and Stockholders' Equity. Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total

Question 5 of 5

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Total assets $1,088,514 $903,968 Liabilities and Stockholders' Equity. Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ( $5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $169,600$154,124 \begin{tabular}{|c|c|} \hline 46,110 & 44,520 \\ \hline 215,710 & 198,644 \\ \hline 233,200 & 212,000 \\ \hline 448,910 & 410,64 \\ \hline \end{tabular} 307,400318,000 332,204175,324 639,604493,324 $1,088,514$903,968 Gross profit 869,400753,640 Selling and administrative expenses Income from operations 339,400530,000245,900507,740 Other expenses and losses Interest expense \begin{tabular}{rr} 23,320 & 21,200 \\ & 224,700 \\ 94,6,080 & 67,410 \\ \hline$221,256 \\ \hline \end{tabular} Income before income taxes Income tax expense Net income $221,256$157,290 Crane Company Balance Sheets December 51 Capital expenditures were $144,160, and nal places, eg. 15 or 15%, Earnings per share, other answers to 1 decimal place, eg. 1.8 or All sales were on credit. Net cash provided by operati cash dividends paid were $64,376. Compute the following ratios for 2025. (Round Debt t Return on assets, Current ratlo and Asset turnover to 2 de 1.8%. Use 365 days for calculations.) a. Earnings per share b. Return on common stockholders' equity c. Returnon assets d. Current ratio e. Accounts receivable turnover f. Average collection period Balance Sheets December 31 \begin{tabular}{|c|c|c|} \hline & 2025 & 2024 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & $63,706 & $68,052 \\ \hline Debt investments (short-term) & 78,440 & 53,000 \\ \hline Accounts receivable (net) & 124,868 & 108,968 \\ \hline Inventory & 133,560 & 122.430 \\ \hline Total current assets & 400,574 & 352,450 \\ \hline Plant assets (net) & 687,940 & 551,518 \\ \hline Total assets & $1,088,514 & $903,968 \\ \hline \end{tabular} Liabilities and Stockholders' Equity. tho and Free cash flow to 0 decimal places, es. 15 or 15%. Earm aces, eg. 1.83 or 1.83% and all other answers to 1 decimal plac \% % :1 times days \% % :1 times days a. Earnings per share b. Return on common stockholders' equity c. Return on assets d. Current ratio e. Accounts receivable turnover f. Average collection period g. Inventory turnover h. Days in inventory i. Times interest earned times Average collection period Inventory turnover Days in inventory Times interest earned Asset turnover Debt to assets ratio Free cash flow days times days times times % eTextbook and Media Total assets $1,088,514 $903,968 Liabilities and Stockholders' Equity. Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ( $5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $169,600$154,124 \begin{tabular}{|c|c|} \hline 46,110 & 44,520 \\ \hline 215,710 & 198,644 \\ \hline 233,200 & 212,000 \\ \hline 448,910 & 410,64 \\ \hline \end{tabular} 307,400318,000 332,204175,324 639,604493,324 $1,088,514$903,968 Gross profit 869,400753,640 Selling and administrative expenses Income from operations 339,400530,000245,900507,740 Other expenses and losses Interest expense \begin{tabular}{rr} 23,320 & 21,200 \\ & 224,700 \\ 94,6,080 & 67,410 \\ \hline$221,256 \\ \hline \end{tabular} Income before income taxes Income tax expense Net income $221,256$157,290 Crane Company Balance Sheets December 51 Capital expenditures were $144,160, and nal places, eg. 15 or 15%, Earnings per share, other answers to 1 decimal place, eg. 1.8 or All sales were on credit. Net cash provided by operati cash dividends paid were $64,376. Compute the following ratios for 2025. (Round Debt t Return on assets, Current ratlo and Asset turnover to 2 de 1.8%. Use 365 days for calculations.) a. Earnings per share b. Return on common stockholders' equity c. Returnon assets d. Current ratio e. Accounts receivable turnover f. Average collection period Balance Sheets December 31 \begin{tabular}{|c|c|c|} \hline & 2025 & 2024 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & $63,706 & $68,052 \\ \hline Debt investments (short-term) & 78,440 & 53,000 \\ \hline Accounts receivable (net) & 124,868 & 108,968 \\ \hline Inventory & 133,560 & 122.430 \\ \hline Total current assets & 400,574 & 352,450 \\ \hline Plant assets (net) & 687,940 & 551,518 \\ \hline Total assets & $1,088,514 & $903,968 \\ \hline \end{tabular} Liabilities and Stockholders' Equity. tho and Free cash flow to 0 decimal places, es. 15 or 15%. Earm aces, eg. 1.83 or 1.83% and all other answers to 1 decimal plac \% % :1 times days \% % :1 times days a. Earnings per share b. Return on common stockholders' equity c. Return on assets d. Current ratio e. Accounts receivable turnover f. Average collection period g. Inventory turnover h. Days in inventory i. Times interest earned times Average collection period Inventory turnover Days in inventory Times interest earned Asset turnover Debt to assets ratio Free cash flow days times days times times % eTextbook and Media

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

IFRS edition volume 2

978-0470613474, 470613475, 978-0470616314

More Books

Students also viewed these Accounting questions