User Account

All Pages

Compute the current ratio and working capital for Crane

Assignment Help Accounting Basics
Reference no: EM132437392

Question - Crane Company provides you with the following balance sheet information as of December 31, 2022.

Current assets

$9,430

Current liabilities

$9,840

Long-term assets

21,730

Long-term liabilities

11,480

Total assets

$31,160

Stockholders' equity

9,840

 

 

Total liabilities and stockholders' equity

$31,160

In addition, Crane reported net income for 2022 of $13,120, income tax expense of $2,624, and interest expense of $1,066.

Compute the current ratio and working capital for Crane for 2022.

Assume that at the end of 2022, Crane used $2,460 cash to pay off $2,460 of accounts payable. Compute the new ratios.

Compute the debt to assets ratio and the times interest earned for Crane for 2022.

Reference no: EM132437392

Questions Cloud

What are the recent developments in AI : ow do expert systems relate to artificial intelligence?NOTE:Expert systems for this assignment are defined as: "A program that gives answers, solutions
Cheetah is considered the fastest running animal : The cheetah is considered the fastest running animal in the world. Assume the acceleration is constant until the top speed is reached and is zero thereafter.
Driven performance to jet performance in aircraft : Compare and contrast propeller driven performance to jet performance in an aircraft?
What right ought to animals have : What, if any, right ought to animals have? What obligations, if any, do we have towards animals?
Compute the current ratio and working capital for Crane : Crane reported net income for 2022 of $13,120, income tax expense of $2,624, Compute the current ratio and working capital for Crane for 2022
Calculate the energy transferred into-out of the system : Calculate the energy transferred into/out of the system based on your data. Is this consistent with acceleration of friction measurements you collected in La 3.
Discuss about east asian and tibetan buddhist : Discuss about East Asian and Tibetan Buddhist. Which of the following choices is the proper term for a Buddhist community of nuns and monks?
What are the fundamental quantities in mechanics : What are the fundamental quantities in mechanics? What is the current standard for each of the three fundamental units in the SI system?
Make Statement of Net Position for City of Southern Springs : From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2017

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd