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Calculate the current ratio and quick ratio for Crane Lid, for the current and preceding years, (Round ratios to 2 decimal ploces, eg. 15.25.) The

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Calculate the current ratio and quick ratio for Crane Lid, for the current and preceding years, (Round ratios to 2 decimal ploces, eg. 15.25.) The following amounts were reported by Crane Ltd. in its most recent statement of financial position: The company had sales of 5899,712 in 2024 and $690,945 in 2023 . All sales were on account. Calculate Crane's accounts recelvable turnover ratio and average collection period for the current and preceding years. For the accounts receivable turnover ratio, use the balance of accounts receivable at each year end for this calculation, rather than Jverage baances. (Round accounts recelvable tumover ratio to 2 decimal ploces, eg. 15.25 and overage collection period to 1 decimal ploce, es. 15.1. Use 365 doys for calculation.)

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