Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following are financial statements of Crane Company. (a) Compute the following values and ratios for 2025. (We provide the results from 2024 for comparative

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The following are financial statements of Crane Company. (a) Compute the following values and ratios for 2025. (We provide the results from 2024 for comparative purposes) (Round Current Ratio and Earnings per share to 2 decimal places, es. 15.25:1 or 15.25 and Debt to assets ratio to 1 decimal place, es.78.9\%. Enter negative amounts using either a negative sign preceding the number e. -45 or parentheses e. (45).) (i) Working capital. (2024: $160,500) (ii) Current ratio. (2024:1.65:1) (iii) Debt to assets ratio, (2024:31\%) (iv) Earnings per share. (2024:\$3.15) (i) Working capital (ii) Current ratio :1 (iii) Debt to assets ratio x (iv) Earnings pershare Balance Sheet December 31, 2025 Assets Current assets Cash $57,400 Debt investments 87,000 Accounts receivable (net) 169,400 Inventory 199,200513,000573,000$1,086,000 Liabilities and Stockholders' Equity. Current liabilities Accounts payable $158,000 Income taxes payable 32,000 Liabilities and Stockholders' Equity. Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $158,000 32,000190,000195,530385,530 352,000 348,470 700,470 $1,086,000 The following are financial statements of Crane Company. (a) Compute the following values and ratios for 2025. (We provide the results from 2024 for comparative purposes) (Round Current Ratio and Earnings per share to 2 decimal places, es. 15.25:1 or 15.25 and Debt to assets ratio to 1 decimal place, es.78.9\%. Enter negative amounts using either a negative sign preceding the number e. -45 or parentheses e. (45).) (i) Working capital. (2024: $160,500) (ii) Current ratio. (2024:1.65:1) (iii) Debt to assets ratio, (2024:31\%) (iv) Earnings per share. (2024:\$3.15) (i) Working capital (ii) Current ratio :1 (iii) Debt to assets ratio x (iv) Earnings pershare Balance Sheet December 31, 2025 Assets Current assets Cash $57,400 Debt investments 87,000 Accounts receivable (net) 169,400 Inventory 199,200513,000573,000$1,086,000 Liabilities and Stockholders' Equity. Current liabilities Accounts payable $158,000 Income taxes payable 32,000 Liabilities and Stockholders' Equity. Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $158,000 32,000190,000195,530385,530 352,000 348,470 700,470 $1,086,000

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_2

Step: 3

blur-text-image_3

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

The Internal Auditing Pocket Guide

Authors: J. P. Russell

1st Edition

0873895606, 978-0873895606

More Books

Students also viewed these Accounting questions

Question

b. Where did they come from?

Answered: 1 week ago

Question

c. What were the reasons for their move? Did they come voluntarily?

Answered: 1 week ago

Question

5. How do economic situations affect intergroup relations?

Answered: 1 week ago