Selected financial information for CraneCorporation as of December are presented below.     2014   2013 Current assets   $104,640   $80,080 Current liabilities   43,680   36,400 Stockholders’ equity   124,800   110,240 Total assets   312,000   280,800 Net sales and net income for 2014 were $468,000 and $37,440 respectively. Dividends of $4,160 were declared for common stockholders and $6,240for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1.   Return on assets   enter percentages rounded to 2 demical places % 2.   Profit margin   enter percentages rounded to 2 demical places % 3.   Payout ratio   enter percentages rounded to 2 demical places % 4.   Debt assets ratio   enter percentages rounded to 2 demical places % 5.   Current ratio   enter ratio rounded to 2 demical places : 1 6.   Return on common stockholders' equity   enter percentages rounded to 2 demical places %

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question
Selected financial information for CraneCorporation as of December are presented below.

   
2014
 
2013
Current assets
 
$104,640
 
$80,080
Current liabilities
 
43,680
 
36,400
Stockholders’ equity
 
124,800
 
110,240
Total assets
 
312,000
 
280,800

Net sales and net income for 2014 were $468,000 and $37,440 respectively. Dividends of $4,160 were declared for common stockholders and $6,240for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity.
Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.)

1.
 
Return on assets
 
enter percentages rounded to 2 demical places
%
2.
 
Profit margin
 
enter percentages rounded to 2 demical places
%
3.
 
Payout ratio
 
enter percentages rounded to 2 demical places
%
4.
 
Debt assets ratio
 
enter percentages rounded to 2 demical places
%
5.
 
Current ratio
 
enter ratio rounded to 2 demical places
: 1
6.
 
Return on common stockholders' equity
 
enter percentages rounded to 2 demical places
%
 
 
 
 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
What is the Debt assets ratio
 
What is the Current ratio

 What is the Return on common stockholders' equity

 

enter percentages rounded to 2 demical places
%
Solution
Bartleby Expert
SEE SOLUTION
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education