re.com/courses/201911/assignments/29/BUUU! TUULI The following financial information is for Crane Company CRANE COMPANY Balance Sheets December 31 Assets 2022 2021 $71.000 $69.000 50,000 41.000 Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses 107.000 92,000 234.000 162,000 29,000 23,000 135,000 135,000 261,000 187,000 $887,000 $709,000 Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable $169,000 $106,000 Accounts payable 66,000 54,000 Accrued liabilities 42.000 42,000 Bonds payable, due 2025 250,000 171.000 Common stock, $10 par Retained earnings 203,000 203,000 157.000 133.000 $887.000 $709,000 Total liabilities and stockholders' equity X G Operating data for Bramble Con X + cture.com/courses/201911/assignments/29764007module_item_id=5819385 CRANE COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue Cost of goods sold Gross profit Operating expenses $902,000 $792,000 647.000 576,000 2 55,000 216,000 195,000 160.000 $ 60,000 $56,000 Net income Additional information: 1. Inventory at the beginning of 2021 was $116,000. 2. Accounts receivable (net) at the beginning of 2021 were $88,000. 3. Total assets at the beginning of 2021 were $642,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account Compute the liquidity and profitability ratios of Crane Company for 2021 and 202 Round % change to O decimal places, for e.g. 1% and if % change is a decrease show the * Operating data for Branit e.com/course/201911/ag ent/20764400/modulelemudia19305 3. Total assets at the beginning of 2021 were $642.000. 4. No common stock transactions occurred during 2021 5. All sales were on account. 2022. (a1) Compute the liquidity and profitability ratios of Crane Company for 2021 and 2022. Round Curent ratio, Asset turnover and Earnings per share to 2 decimal places, 23. 15.50 and rou Round change to O decimal places, fores. 1 and change is a decrease show the numbers as negative, -1% off 2021 LIQUIDITY Current ratio Accounts receivables turnover Inventory turnover PROFITABILITY Profit margin Asset turnover Return on assets Earnings per shares Given below are the independent situations and a ratio that may be affected. For each situation.compute the affected ratio (1) as of December 31, 2022 and 2) as of Decembe (Round Debt to assetsratio to decimal places, s. 15 and round all other answers to 1 decimal place... 15.5. Round change to decimal places.fore 18 and it charges a decrease ng data for Babe C X + Ses/201911/ m ments/2376400 moduletet id-5819385 Asset turnover Return on assets Earnings per shares Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022, and (2) as of December 31, 2023, after giving effect to the situ (Round Debt to assets ratio to decimal places, s. 15 and round all other answers to 1 decimal place, ep. 15.5. Round change to decimal places for es. 18 and if change is a decrease show the numbers as negative -1% or Ratio Situation Return on Coron stockholders' equity 1. 20,000 shares of common stock were sold at paron July 1, 2023. Net income for 2023 was $55,000 Debt to assets ratio 2. All of the notes payable were paid in 2023. All other liabilities remained at the December 31, 2022 levels. Total assets on December 31, 2023. were $868,000. Price-carnings ratio 3. The market price of common stock was $9 and $12 on December 31, 2022 and 2023, respectively. * Change Return on common stockholders equity Debt to assets ratio Price earnings ratio e fodbook and Media Attempts: 0 of 3 used Submit A Your grade has been recorded in the Gradebook Thu Apr 2. 2020, 2:19 01 PM America Denver -08:00) - Previous Orte 9 DOLL re.com/courses/201911/assignments/29/BUUU! TUULI The following financial information is for Crane Company CRANE COMPANY Balance Sheets December 31 Assets 2022 2021 $71.000 $69.000 50,000 41.000 Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses 107.000 92,000 234.000 162,000 29,000 23,000 135,000 135,000 261,000 187,000 $887,000 $709,000 Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable $169,000 $106,000 Accounts payable 66,000 54,000 Accrued liabilities 42.000 42,000 Bonds payable, due 2025 250,000 171.000 Common stock, $10 par Retained earnings 203,000 203,000 157.000 133.000 $887.000 $709,000 Total liabilities and stockholders' equity X G Operating data for Bramble Con X + cture.com/courses/201911/assignments/29764007module_item_id=5819385 CRANE COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue Cost of goods sold Gross profit Operating expenses $902,000 $792,000 647.000 576,000 2 55,000 216,000 195,000 160.000 $ 60,000 $56,000 Net income Additional information: 1. Inventory at the beginning of 2021 was $116,000. 2. Accounts receivable (net) at the beginning of 2021 were $88,000. 3. Total assets at the beginning of 2021 were $642,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account Compute the liquidity and profitability ratios of Crane Company for 2021 and 202 Round % change to O decimal places, for e.g. 1% and if % change is a decrease show the * Operating data for Branit e.com/course/201911/ag ent/20764400/modulelemudia19305 3. Total assets at the beginning of 2021 were $642.000. 4. No common stock transactions occurred during 2021 5. All sales were on account. 2022. (a1) Compute the liquidity and profitability ratios of Crane Company for 2021 and 2022. Round Curent ratio, Asset turnover and Earnings per share to 2 decimal places, 23. 15.50 and rou Round change to O decimal places, fores. 1 and change is a decrease show the numbers as negative, -1% off 2021 LIQUIDITY Current ratio Accounts receivables turnover Inventory turnover PROFITABILITY Profit margin Asset turnover Return on assets Earnings per shares Given below are the independent situations and a ratio that may be affected. For each situation.compute the affected ratio (1) as of December 31, 2022 and 2) as of Decembe (Round Debt to assetsratio to decimal places, s. 15 and round all other answers to 1 decimal place... 15.5. Round change to decimal places.fore 18 and it charges a decrease ng data for Babe C X + Ses/201911/ m ments/2376400 moduletet id-5819385 Asset turnover Return on assets Earnings per shares Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022, and (2) as of December 31, 2023, after giving effect to the situ (Round Debt to assets ratio to decimal places, s. 15 and round all other answers to 1 decimal place, ep. 15.5. Round change to decimal places for es. 18 and if change is a decrease show the numbers as negative -1% or Ratio Situation Return on Coron stockholders' equity 1. 20,000 shares of common stock were sold at paron July 1, 2023. Net income for 2023 was $55,000 Debt to assets ratio 2. All of the notes payable were paid in 2023. All other liabilities remained at the December 31, 2022 levels. Total assets on December 31, 2023. were $868,000. Price-carnings ratio 3. The market price of common stock was $9 and $12 on December 31, 2022 and 2023, respectively. * Change Return on common stockholders equity Debt to assets ratio Price earnings ratio e fodbook and Media Attempts: 0 of 3 used Submit A Your grade has been recorded in the Gradebook Thu Apr 2. 2020, 2:19 01 PM America Denver -08:00) - Previous Orte 9 DOLL