Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The comparative statements of Crane Company are presented here. Crane Company Income Statements For the Years Ended December 31 Other expenses and losses Crane Company
The comparative statements of Crane Company are presented here. Crane Company Income Statements For the Years Ended December 31 Other expenses and losses Crane Company Balance Sheets December 31 2025 Assets Current assets Cash $49,282$52,644 Debt investments (short-term) 60,68041,000 Accounts receivable (net) 96,59684,296 Inventory Total current assets Plant assets (net) Total assets $$842,058 Liabilities and Stockholders' Equity. Current liabilities Accounts payable $131,200$119,228 Income taxes payable Total current liabilities Bonds payable 166,87035,670153,66834,440 All sales were on credit. Net cash provided by operating activities for 2025 was $180,400. Capital expenditures were $111,520, and cash dividends paid were $56,692. All sales were on credit. Net cash provided by operating activities for 2025 was $180,400. Capital expenditures were $111,520, and cash dividends paid were $56,692. Compute the following ratios for 2025 . (Round Debt to asset ratio and Free cash flow to 0 decimal places, e.g. 15 or 15%, Earnings per share, Return on assets, Current ratio and Asset turnover to 2 decimal places, e.g. 1.83 or 1.83% and all other answers to 1 decimal place, e.g. 1.8 or 1.8\%. Use 365 days for calculations.) j. Asset turnover times k. Debt to assets ratio % I. Free cash flow $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started