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The following are the financial statements for Crane Consumer Products Company for the fiscal year ended September 30, 2017. $59,140 22,907 Crane Consumer Products Company
The following are the financial statements for Crane Consumer Products Company for the fiscal year ended September 30, 2017. $59,140 22,907 Crane Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2017 Net sales Cost of products sold Gross profit Marketing, research, administrative expense Depreciation Operating income (loss) Interest expense Earnings (loss) before income taxes Income taxes Net earnings (loss) $36,233 15,500 910 $19,823 417 $19,406 5,947 $13,459 Crane Consumer Products Company Balance Sheet as of September 30, 2017 Assets: Liabilities and Equity: Cash and marketable securities $4,500 Accounts payable Investment securities 437 Accrued and other liabilities Accounts receivable 4,346 Taxes payable Inventory 4,100 Debt due within one year Deferred income taxes 828 Prepaid expenses and other receivables 1,552 Total current assets $15,763 Total current liabilities $3,210 5,760 2,910 7,210 $19,090 828 Deferred income taxes Prepaid expenses and other receivables Total current assets Property, plant, and equipment, at cost Less: Accumulated depreciation Net property, plant, and equipment Net goodwill and other intangible assets Other noncurrent assets 1,552 $15,763 29,304 9,397 $19,907 25,900 1,940 $19,090 11,410 2,690 2,600 Total current liabilities Long-term debt Deferred income taxes Other noncurrent liabilities Total liabilities Convertible Class A preferred stock Common stock Retained earnings Total stockholders' equity Total liabilities and equity $35,790 1,640 1,600 24,480 $27,720 $63,510 Total assets $63,510 Using the DuPont identity, calculate the return on equity for Crane, after calculating the ratios that make up the DuPont identity. (Round ROA and ROE to one decimal place, e.g 12.5 or 12.5% and all other answers to 2 decimal places, e.g. 12.55 or 12.55%.) Net Profit margin % Total assets turnover ratio times Equity multiplier Return on assets % Return on equity %
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