Crane Company has these comparativa balance sheet data: CRANE COMPANY Balance Sheets December 31 2022 2021...

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Crane Company has these comparativa balance sheet data: CRANE COMPANY Balance Sheets December 31 2022 2021 Cash $3,900 $67,900 Accounts receivable (net) 158,200 135,600 Inventory 135,600 113,000 Piant assets (net) 452,000 406.800 $779,700 $723,200 Accounts pavable $113,000 $ 135,600 15) ש סםובמ סMereee 226.000 226.000 Common stack, $10 par 316,400 271.200 Retained sarnings 124,300 90,400 $779,700 S723.200 Additional information for 2022: 1. Net income was $29,200. Sales on account were $380,540. Sales returns and ailovances amountsd to $28,000. 2. 3 Cost of goods sold was $203,852 4. Net cash provided by operating activities was $59,551. 5. Capital expendituras were $27,500, and cash dividends were $19,600. Compute the fallowing ratios at December 31, 2022. (Round free cash fiow to O decimal piaces, eg 5.275 and all other answers to 2 decimal places, eg 182. Use 365 days for calculation) (a) Current ratio. (b) Accounts recaivable tumover. times kverage collection periad. days Invantory turnaver. times Days in inventory. days Free cash flow. Crane Company has these comparativa balance sheet data: CRANE COMPANY Balance Sheets December 31 2022 2021 Cash $3,900 $67,900 Accounts receivable (net) 158,200 135,600 Inventory 135,600 113,000 Piant assets (net) 452,000 406.800 $779,700 $723,200 Accounts pavable $113,000 $ 135,600 15) ש סםובמ סMereee 226.000 226.000 Common stack, $10 par 316,400 271.200 Retained sarnings 124,300 90,400 $779,700 S723.200 Additional information for 2022: 1. Net income was $29,200. Sales on account were $380,540. Sales returns and ailovances amountsd to $28,000. 2. 3 Cost of goods sold was $203,852 4. Net cash provided by operating activities was $59,551. 5. Capital expendituras were $27,500, and cash dividends were $19,600. Compute the fallowing ratios at December 31, 2022. (Round free cash fiow to O decimal piaces, eg 5.275 and all other answers to 2 decimal places, eg 182. Use 365 days for calculation) (a) Current ratio. (b) Accounts recaivable tumover. times kverage collection periad. days Invantory turnaver. times Days in inventory. days Free cash flow.

Answer rating: 100% (QA)

Ratios for 2022 a Current Ratio Current Assets Cash Account Receivable Inventory Current Assets 3390... View the full answer