Here are comparative statement data for Crane Company and Sheridan Company, two competitors. All balance sheet...

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Here are comparative statement data for Crane Company and Sheridan Company, two competitors. All balance sheet data are as December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings Crane Company 2022 $1,882,000 1,062,000 255,000 7,100 69.000 537,859 869,220 109,436 188,084 825,000 284,559 2021 $515,477 825,000 125,095 148,500 825,000 241,882 Sheridan Company 2022 $610,000 297,000 83,000 3,400 34,000 137,504 230,551 58,324 48,873 198,000 62,858 2021 $ 131,121 207,590 49.964 41,250 198,000 49.497 (a) Prepare a vertical analysis of the 2022 income statement data for Crane Company and Sheridan Company. place, e.g. 2.5%) Here are comparative statement data for Crane Company and Sheridan Company, two competitors. All balance sheet data are as December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings Crane Company 2022 $1,882,000 1,062,000 255,000 7,100 69.000 537,859 869,220 109,436 188,084 825,000 284,559 2021 $515,477 825,000 125,095 148,500 825,000 241,882 Sheridan Company 2022 $610,000 297,000 83,000 3,400 34,000 137,504 230,551 58,324 48,873 198,000 62,858 2021 $ 131,121 207,590 49.964 41,250 198,000 49.497 (a) Prepare a vertical analysis of the 2022 income statement data for Crane Company and Sheridan Company. place, e.g. 2.5%)

Answer rating: 100% (QA)

For Crane Company Cost of Goods Sold Cost of Goods Sold Net Sales 100 1062000 1882000 100 5640 Opera... View the full answer