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The comparative statements of Crane Company are presented here: CRANE COMPANY Income Statements For the Years Ended December 31 Net sales Cost of goods
The comparative statements of Crane Company are presented here: CRANE COMPANY Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 2022 $1,898,740 1,066,740 832,000 508,200 323,800 23,700 300,100 93,700 $206,400 2021 $1,758,700 1,014,200 744,500 487,200 257,300 21,700 235,600 74,700 $160,900 Assets Current assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Balance Sheets December 31 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 2022 $60,100 74,000 126,000 127,700 45,200 213,400 231,000 387,800 342,400 660,000 531,300 $1,047,800 $873,700 444,400 2021 $168,200 $153,600 43,700 290,000 313,400 603,400 $64,200 Total liabilities and stockholders' equity $1.047.800 50,000 111,000 117,200 197,300 211,000 408,300 300,000 165,400 465,400 $873.700 All sales were on credit. Net cash provided by operating activities for 2022 was $238,000. Capital expenditures were $136,000, and cash dividends paid were $58,400. Compute the following ratios for 2022. (Round earnings per share, current ratio and asset turnover to 2 decimal places, e.g. 1.83. Round return on common stockholders' equity, return on assets, accounts receivable turnover, average collection period, inventory turnover, days in inventory, times interest earned and debt to assets ratio to 1 decimal place, e.g. 1.8 or 1.8%. Use 365 days for calculation.) (a) Earnings per share (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (1) Return on common stockholders' equity Return on assets Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Times interest earned Asset turnover Debt to assets ratio Free cash flow $ LA $ LA % % :1 times days times days times times %
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a Earnings per share Net income for 2022 206400 Common shares outstanding Common stock 5 par 290000 ...Get Instant Access to Expert-Tailored Solutions
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