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Analysts following the Crane Golf Company were given the following balance sheet information for the years ended June 30,2020 , and June 30, 2019: In

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Analysts following the Crane Golf Company were given the following balance sheet information for the years ended June 30,2020 , and June 30, 2019: In addition, it was reported that the company had a net income of $3,156,088 and that depreciation expenses were equal to $212,486 during 2020. Assume amortization expense was $0 in 2020. number c8.45 or partentheies es. (45))

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