Question: Presented below is information for Crane Co. for the month of January 2022. Cost of goods sold $204,700 Rent expense Freight-out 8,700 Sales discounts Insurance



Presented below is information for Crane Co. for the month of January 2022. Cost of goods sold $204,700 Rent expense Freight-out 8,700 Sales discounts Insurance expense 14,200 Sales returns and allowances Salaries and wages expense 63,800 Sales revenue Income tax expense 5,200 Other comprehensive income (net of $400 tax) $34,200 9,000 17,100 395,000 2,000 Prepare an income statement using the multiple-step format. CRANE CO. Income Statement Prepare an income statement using the multiple-step format. CRANE CO. Income Statement Prepare a comprehensive income statement. CRANE CO. Comprehensive Income Statement Calculate the profit margin and the gross profit rate. (Round answers to 1 Profit margin Compute the current ratio and debt to assets ratio. (Round answers to 1 decimal place, e.g. 15.2.) Current ratio Debt to assets ratio
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