Provides you with the following balance sheet information

Reference no: EM131135515

Crane Company provides you with the following balance sheet information as of December 31, 2017. In addition, Crane reported net income for 2017 of $15,800, income tax expense of $3,100, and interest expense of $1,300. Assume that at the end of 2017, Crane used $2,900 cash to pay off $2,900 of accounts payable. How would the current ratio and working capital have changed? (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Reference no: EM131135515

Questions Cloud

A company incurs direct labor cost : If a company incurs direct labor cost of $41,000 when the standard cost is $42,000, it will a. debit Labor Price Variance for $1,000. b. credit Labor Price Variance for $1,000. c. debit Labor Quantity Variance for $1,000. d. credit Labor Quantity ..

What is the ratio of amount of workdone by two worms : what is the ratio of amount of workdone by two worms ,when half of it is over the top of the wall?

Product and price and sales projections : Two of the four P’s — Product and Price Part 1. Expository Essay: In this Assignment you will respond using an expository essay format. An expository essay involves investigating the topic, analyzing your findings, and supplying a solution or a sugge..

What will be the volume in m3 of 7.25 kg of methane : what will be the volume in m3 of 7.25 kg of methane if it is at a temperature of 200.65 K, and a pressure of 2.784 MPa?

Provides you with the following balance sheet information : Crane Company provides you with the following balance sheet information as of December 31, 2017. In addition, Crane reported net income for 2017 of $15,800, income tax expense of $3,100, and interest expense of $1,300. Assume that at the end of 20..

About the traditional advertising : Traditional Advertising: Television The radio ad you created in the Unit 7 Discussion was such a big hit (electronics, clothing or beverage product or a business service) that the management team wants to you to create a 30 second spot commercial on ..

Corporate culture play in risk-taking and accountability : What role does corporate culture play in risk-taking and accountability? What about executive compensation? What other factors play a role in the accountability issues of AIG? Has to have in-text citation with references.

How long will it take room temperature water to boil : A 283 g aluminum coffee pot is filled with 650 mL of water. If the power output of the coffee pot is 750W, how long will it take room temperature (20oC) water to boil (100oC)? Aluminum has a specific heat of 0.900 J/goC.

Synthesizes knowledge as a fundamental part : Question 1:A ________ is a professional who is relatively well educated and creates, modifies, and/or synthesizes knowledge as a fundamental part of his/her job.

User Account

All Pages