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Question 2 of 4 View Poices Current Attemptin Progress The comparative statements of Crane Company are presented here. CRANE COVPANY Income statements For the Years Ended December 31 2022 Net sales $1,895,690 Cost of goods sold 1,067,055 Gross profit 828,635 Selling and administrative expenses 506,000 Income from operations 322,635 Other expenses and losses Interest expense 23.900 Income before income taxes 298,735 Income tax expense 94,005 Net income $ 204.730 2021 $1,756,500 1.012,000 744,500 485,000 259,500 21.900 237,600 74.900 $ 162,700 2021 CRANE COMPANY Balance Sheets December 31 Assets 2022 Current assets Cash $59.048 Debt investments (short-term) 74.000 Accounts receivable 123,800 Inventory 127.900 Total current assets 384.748 Plant assets inet) 663.000 Total assets $1.047.748 Liabilities and Stockholders Equity $64.200 50,000 108,800 117,400 340,400 534.300 $874.700 Brainly.com 9 Login Dela College e Quiziel Edgavily for Slude ( Login - Powered Question 2 of 4 2021 $ 64,200 50.000 108,800 117.400 340.400 534.300 $874.700 CRANE COMPANY Balance Sheets December 31 Assets 2022 Current assets Cash $59048 Debt investments (short-term) 74,000 Accounts receivable 123,800 Inventory 127,900 Total current assets 384,748 Plant assets (net) 663,000 Total assets $1,047,748 Liabilities and Stockholders'Equity Current liabilities Accounts payable $ 166,000 Income taxes payable 45,400 Total current liabilities 211,400 Bonds payable 234.000 Total liabilities 445,400 Stockholders equity Common stock($5 par) 290,000 Retained earnings 312 348 Total stockholders equity 602.348 Total liabilities and stockholders' equity $1.047,748 $151,400 43,900 195,300 214.000 409,300 300,000 165.400 465,400 $874,700 All sales were on account. Net cash provided by operating activities for 2022 was $244.020. Capital exper and cash dividends were $57.782 Compute the following ratios for 2022. (Round current ratio,carrings per share and asset tumover to 2 decim other answers to 1 decimal place, 1.8 or 25%. Use 365 days in calculation) hp Wikty.com/wa/V2/assessment player/index.htmrlaunchild #0687a5eb-8323-4513-bdc nly.com Login - Delta College Q Quiziet Edgenuity for Stude. Login - Powered by Question 2 of 4