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The comparative statements of Crane Company are presented here: CRANE COMPANY Income Statements For the Years Ended December 31 2022 2021 $1,898,740 $1,758,700 Net sales
The comparative statements of Crane Company are presented here: CRANE COMPANY Income Statements For the Years Ended December 31 2022 2021 $1,898,740 $1,758,700 Net sales 1,066,740 1,014,200 Cost of goods sold 832,000 744,500 Gross profit 508,200 487.200 Selling and administrative expenses 323,800 257,300 Income from operations Other expenses and losses 23,700 21,700 Interest expense Income before income taxes 300,100 235,600 Income tax expense 93,700 74,700 Net income $206,400 $160,900 CRANE COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $60,100 $64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable (net) 126,000 111,000 Inventory 127,700 117,200 Total current assets 387,800 342,400 Plant assets (net) 660,000 531,300 Total assets $1,047,800 $873,700 Liabilities and Stockholders' Equity Current liabilities Accounts payable $168,200 $153,600 Income taxes payable 45,200 43,700 Total current liabilities 213,400 197,300 Bonds payable 231,000 211,000 Total liabilities 444,400 408,300 Stockholders' equity Common stock ($5 par) 290,000 300,000 Retained earnings 313,400 165,400 Total stockholders' equity 603,400 465,400 Total liabilities and stockholders' equity $1,047,800 $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.) TA (a) Earnings per share $ (b) Return on common stockholders' equity % (c) Return on assets % :1 (d) Current ratio times (e) Accounts receivable turnover . 56F ^ 172 0 DC O 26 ere to search (6) Average collection period days bo Inventory turnover times (h) Days in inventory days (0) Times interest earned times (1) Asset turnover times Debt to assets ratio % (1) Free cash flow $ ta e Textbook and Media
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