Condensed balance sheet and income statement data for Crane Company are presented as follows. Crane...
50.1K
Verified Solution
Question
Accounting
Condensed balance sheet and income statement data for Crane Company are presented as follows. Crane Company Balance Sheets December 31 Assets 2022 2021 Cash $ 26,600 $ 21,900 Receivables (net) 70.000 58,000 Other current assets 98,400 76,500 Long-term investments 63,800 60,800 Property, plant, and equipment (net) 540,000 470,000 Total assets $ 798,800 687,200 $ 75,000 $ 68,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings 80,500 95,000 346,000 300,500 297.300 223,700 Total llabilities and stockholders' equity $ 798,800 $ 687,200 Crane Company Income Statements For the Years Ended December 31 2022 2021 Sales revenue $ 801,900 $ 680,600 Cost of goods sold 470,000 410,000 Operating expenses (including income taxes) 256,000 210,000 Net income $ 75,900 $ 60,600 Additional information: $ 85,900 $58,000 $ 38,000 $ 42,000 Net cash provided by operating activities Cash used for capital expenditures Dividends paid Weighted average common shares outstanding $ 28,000 $ 14,000 33,000 30,000 Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, eg. $278 and Curr to assets ratio to 1 decimal place, eg. 15.2. Enter negative amounts using either a negative sign preceding the number es. -4 ex (457) 2022 2021 (a) Earnings per share $ (b) Working capital $ $ 1 (c) Current ratio :1 :1 (d) Debt to assets ratio % (e) Free cash flow. $



Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.