Answer Happy

Here is the income statement for Crane, Inc. Net sales Cost of goods sold Gross profit Expenses (including $10,000 interest and $20,000 income taxes) Net income Additional information: 1. Crane, Inc. Income Statement For the Year Ended December 31, 2022 2. 3. $400,000 180,000 220,000 83,000 $ 137,000 Common stock outstanding January 1, 2022, was 30,250 shares, and 34,250 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) The market price of Crane stock was $22 on December 31, 2022 Cash dividends of $19,600 were declared and paid.

Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share (b) (c) (d) Price-earnings ratio Payout ratio Times interest earned times % times