3 of 3 View Policies < Current Attempt in Progress The condensed financial statements of Crane Company for the years 2021 and 2022 are presented below. CRANE COMPANY Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 530 460 Inventory 640 570 Prepaid expenses 130 160 Total current assets 1,630 1,550 Property, plant, and equipment (net) 410 380 Investments 70 70 Intangibles and other assets 530 510 Total assets $2,640 $2,510 Current liabilities $880 $850 Long-term liabilities 660 560 Stockholders' equity-common 1,100 1,100 Total liabilities and stockholders' equity $2,640 $2,510 -/1 CRANE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2022 2021 $3,980 $3,640 Sales revenue Costs and expenses Cost of goods sold 1,030 950 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,440 3,300 Income before income taxes 540 340 Income tax expense 216 136 Net income $324 $204 Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) Current ratio. Inventory turnover. Profit margin. Return on assets. 2022 :1 2021 :1 % % % % Return on common stockholders' equity. % % Debt to assets ratio. Times interest earned. % times % times