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Ch20_P01A

# Ch20_P01A - \$148,000 \$136,000 \$118,000 Cost of goods sold...

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Fundamental Accounting Principles Student Name: Instructor Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: McGraw-Hill Ryerson SPATS Problem 20-1A Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Ratios, Income Statement and Balance Sheet M1 M5:P55 Given Data T1

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REPORT REFERENCE Ratios, Income Statement and Balance Sheet M1 Given Data T1 Instructor McGraw-Hill Ryerson SPATS Problem 20-1A Crane Corp. Current Ratios Assets Liabilities Ratio December 31, 2005 December 31, 2004 December 31, 2003 Crane Corp. Common-Size Comparative Income Statement For Years Ended December 31, 2005, 2004, and 2003 2005 2004 2003 Crane Corp. Balance Sheet Data in Trend Percentages December 31, 2005, 2004, and 2003 2005 2004 2003
Given Data: Crane Corp. Comparative Income Statement (\$000) For Years Ended December 31, 2005, 2004, and 2003 2005 2004 2003 Sales
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Unformatted text preview: \$148,000 \$136,000 \$118,000 Cost of goods sold 89,096 85,000 75,520 Gross profit \$58,904 \$51,000 \$42,480 Selling expenses \$20,898 \$18,768 \$15,576 Administrative expenses 13,379 11,968 9,735 Total expenses \$34,277 \$30,736 \$25,311 Income before taxes 24,627 20,264 17,169 Income taxes 4,588 4,148 3,481 Net income \$20,039 \$16,116 \$13,688 Crane Corp. Comparative Balance Sheets (\$000) December 31, 2005, 2004, and 2003 2005 2004 2003 Assets Current assets \$24,240 \$18,962 \$25,324 Long-term investments- 250 1,860 Plant and equipment 45,000 48,000 28,500 Total assets \$69,240 \$67,212 \$55,684 Liabilities and Shareholders' Equity Current liabilities \$10,100 \$9,980 \$9,740 Common stock 36,000 36,000 27,000 Other contributed capital 4,500 4,500 3,000 Retained earnings 18,640 16,732 15,944 Total liabilities and equity \$69,240 \$67,212 \$55,684...
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