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your answer is partially correct. Try again. Crane Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales $2,115,000 Cost
your answer is partially correct. Try again. Crane Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales $2,115,000 Cost of goods sold 1,454,000 Selling and administrative expenses 313,000 Nonrecurring expenses 27,600 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $320,400 Depreciation 121,000 Earnings before interest and taxes (EBIT) 199,400 Interest expense 126,000 Earnings before taxes (EBT) $73,400 Taxes (35%) 25,690 Net income $47,710 $834,000 109,000 41,700 Crane Supply Company Balance Sheet as of June 30, 2017($ thousands) Assets: Liabilities and Equity: Cash and marketable securities $418,000 Accounts payable Accounts receivable 723,000 Notes payable Inventory 1,161,000 Accrued income taxes Other current assets 42,000 Total current liabilities Total current assets $2,344,000 Long-term debt Net plant and equipment 1,984,000 Total liabilities Common stock Retained earnings Total common equity Total assets $4,328,000 Total liabilities and equity $984,700 1,156,000 $2,140,700 1,317,000 870,300 $2,187,300 $4,328,000 Refer to the balance sheet and income statement for Crane Supply Company for the year ended June 30, 2017 equity ratio to 3 decimal places, e.g. 12.557 and all other answers to 2 decimal places, e.g. 12.55. Use Refer to the balance sheet and income statement for Crane Supply Company for the year ended June 30, 2017. Calculate the following ratios equity ratio to 3 decimal places, e.g. 12.557 and all other answers to 2 decimal places, e.g. 12.55. Use 365 days for calculation a. Inventory turnover 1.25 b. Days' sales outstanding 123.3 days c. Total asset turnover 2165800 d. Fred asset turnover 1.06 e. Total debt ratio 2.012 1. Debt-to-equity ratio 0.987 9. Times-interest-earned 1.58 h. Cash coverage 2.52 Click if you would like to Show Work for this question: Open Show Work
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