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The following data are taken from the financial statements of Crane Company as of the end of the year 2022. The data are in alphabetical
The following data are taken from the financial statements of Crane Company as of the end of the year 2022. The data are in alphabetical order.
Accounts payable | $35,000 | Net income | $69,000 | ||||
---|---|---|---|---|---|---|---|
Accounts receivable | 73,000 | Other current liabilities | 17,200 | ||||
Cash | 26,180 | Salaries and wages payable | 4,800 | ||||
Gross profit | 164,500 | Total assets | 240,000 | ||||
Income before income taxes | 74,900 | Total liabilities | 177,600 |
Additional information: The average common shares outstanding during the year was 50,000. Compute the following: (Round current ratio and earnings per share to 2 decimal places, e.g. $2.51.)
The following data are taken from the financial statements of Crane Company as of the end of the year 2022. The data are in alphabetical order. $69,000 Accounts payable Accounts receivable 17,200 Cash $35,000 73,000 26,180 164,500 74,900 Net income Other current liabilities Salaries and wages payable Total assets Total liabilities 4,800 240,000 Gross profit Income before income taxes 177,600 Additional information: The average common shares outstanding during the year was 50,000. Compute the following: (Round current ratio and earnings per share to 2 decimal places, e.g. $2.51.) (a) Current ratio :1 (b) Working capital $ (c) Earnings per share $ (d) Debts to assets ratio %
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