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Review of the financial statements revealed the following for Crane Inc.: sales $1258000, net income $43400, total assets $691900, long-term debt $759000, interest expense $69190
Review of the financial statements revealed the following for Crane Inc.: sales $1258000, net income $43400, total assets $691900, long-term debt $759000, interest expense $69190 and cost of goods sold $776000. When preparing common-size financial statements, interest expense would be shown as 9.2%.8.9%.10.0%5.5%
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