Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The comparative statements of Crane Company are presented here. Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other

The comparative statements of Crane Company are presented here. Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Crane Company Income Statements For the Years Ended December 31 Interest expense Income before income taxes Income tax expense Net income Assets 2025 $1,549,400 Crane Company Balance Sheets December 31 867.000 682.400 410.000 272,400 18.040 254.360 76,308 $178.052 2025 2024 $1,435,000 824,920 610.080 392,780 217,300 16,400 200,900 60,270 $140.630 2024
image text in transcribed
image text in transcribed
image text in transcribed
The comparative statements of Crane Company are presented here 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 O decimal ploces, eg 15 or 15\%, Eamings per share, Retum on assets, Current ratio and Asset turnover to 2 decimal places, eg. 1.83 or 1.83% and all other answers to 1 decimal place, eg. 1.8 or Crane Company Balance Sheets December 31 20252024 Assets Current assets CashDebtinvestments(short-term)Accountsreceivable(net)InventoryTotalcurrentassetsPlantassets(net)Totalassets$49,28260,68096,596103,320309,878532,180$842,058$52,64441,000$4,29694,710272,650426,646$699,296 Liabilities and Stockholders' Equity Current liabilities Accounts payable $131,200$119,228 Income taxes payable Total current llabilities 35,67034,440 Bonds pryable Total liabilities 166,870153.668 Stockholders equity Common stock. (\$S par) 237,800246,000 Retained earnings Total stockholders'scuity 256,908135,628 Tetalliabilites andstocholders' equity $62059$699,296

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Security How To Plan Implement And Audit Netsuite Security

Authors: Zenobia Plautz

1st Edition

B0B5KQKXSY, 979-8840043851

More Books

Students also viewed these Accounting questions