Here is the income statement for Crane, Inc.Net salesCost of goods soldGross profitExpenses (including $14,800 interest and $21,600 income taxes)Net incomeAdditional information:1.2.3.a.b.Crane, Inc.Income StatementFor the Year Ended December 31, 2025C.Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place,e.g. 1.8 or 2.5%)d.Common stock outstanding January 1, 2025, was 20,900 shares, and 36,200 shares were outstanding at December 31, 2025.(Use a simple average for weighted-average.)The market price of Crane stock was $12 on December 31, 2025.Cash dividends of $23,600 were declared and paid.Earnings per sharePrice-earnings ratioPayout ratio$449,500218,400231,10077,600$153,500Times interest earned$times%times

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Here is the income statement for Crane, Inc. Crane, Inc. Income Statement For the Year Ended December 31, 2025 Net sales Cost of goods sold Gross profit Expenses (including $14,800 interest and $21,600 income taxes) Net income Additional information: 1. Common stock outstanding January 1, 2025, was 20,900 shares, and 36,200 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) The market price of Crane stock was $12 on December 31, 2025. Cash dividends of $23,600 were declared and paid. 2. 3. Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, eg. 1.8 or 2.5%) a. b. Price-earnings ratio с Earnings per share d. $449,500 218,400 231,100 77,600 $153,500 Payout ratio Times interest earned times times

Here is the income statement for Crane, Inc. Crane, Inc. Income Statement For the Year Ended December 31, 2025 Net sales Cost of goods sold Gross profit Expenses (including $14,800 interest and $21,600 income taxes) Net income Additional information: 1. Common stock outstanding January 1, 2025, was 20,900 shares, and 36,200 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) The market price of Crane stock was $12 on December 31, 2025. Cash dividends of $23,600 were declared and paid. 2. 3. Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, eg. 1.8 or 2.5%) a. b. Price-earnings ratio с Earnings per share d. $449,500 218,400 231,100 77,600 $153,500 Payout ratio Times interest earned times times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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