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Crane Medical manulactures hospital beds and other institutional funmiture. The company's comparatve balance shee and income statement for 2015 and 2016 felow. 395,00 7,450 76450 Accounts receivable, net 1,044,020 17,020 381.30 Other current assets Total current assets Property, plant, & equipment, net 247,000 2,537,300 2122000 8,706,025 439,980 $11,243,325 10,561,80 Total asse Liabilities and Stockholders Equity Current nbiies Leng-term dett 3,182,00 $2.346,00 3,702,600 892650 6,884,000 6738,650 Preferred stock, $5 par value Common stock, $0.25 par value etained saming 04,650 4,195,075 26G0.530 ,358,725 3823330 Total stackhalders equity Total lisbilities and stockhalders equity $1,243,325 $10,561,980 Comparative Income Statement and Statement of Retained Earnings Sales revenue (al account Cost of gcods sold 10,177,250 9,614,00 5611,750 5,298,750 4.565,50D 4,315,250 2.840,30D 2,34,200 1,725,200 ,681,050 Gress prefit Operating expenses Net eperating income tMterest expense Net income before taxes Income taxes (30%) 424,850 ,32,400 427,455 997,395 $960,680 Dividends paid 29450 33,400 Preferred dvidends 29,500 Comman dhidends Total dividends paid Net income retained Retained eamings, beginning of year Retaned eamings, end of year 518,130 3,660,530 3,142,400 $4,195,075 3,660,530 Caic date the following iquidity ratios for 2016 (If working capital is negative then enter with a negative sign preceding the number or parenthesis. all answers except working capital to 2 decimal places,eg. 255.) -15,000 or (15.000). Round a Warking capital b. Current ra c. Aod-test rato . Accouns recaivable turnever Calciate the Solewng iqudty tttios for 201 (Round average collection period to decimal place, e.g. 25 and inventory turnover ratio to 2 decinal places, eq. 12. Use 365 days . Average collection period days b Inventory turnover Calculate average days to sell inventory for 2016(Round answer to 0 decimal places, n.g. 25, Use 36S days for calculation) Average days to sel invercary days

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