Can you please help me with this question

Crane Corporation began operations January 1, 2022. Given the below information for Crane Corporation:

Crane Corporation Statement of Financial Position December 31
		2023		2022
Cash		$15,600		$10,100
Accounts Receivable		24,400		18,400
Inventory		14,400		14,000
Total Current Assets		54,400		42,500
Property, Plant & Equipment		72,900		72,900
Total Assets		127,300		115,400
Accounts Payable		9,400		9,000
Deferred Revenue		15,400		20,000
Note Payable (due 2026)		40,900		40,900
Total Liabilities		65,700		69,900
Common Shares		20,000		20,000
Retained Earnings		41,600		25,500
Shareholders' Equity		61,600		45,500
Total Liabilities & Equity		127,300		115,400

Crane Corporation Statement of Income For the year ending December 31
		2023		2022
Sales		$216,600		$119,900
Cost of goods sold		129,600		78,700
Gross margin		87,000		41,200
Operating expenses		64,800		22,600
Interest expense		5,100		2,500
Income before income tax		17,100		16,100
Income tax expense		3,420		3,220
Net income		13,680		12,880

(a)

Calculate debt-to-total assets ratios. (Round answers to 2 decimal places, e.g. 15.25%.)

		2023		2022
Debt-to-total assets ratios		%		%

Identify for each whether or not there has been a year-over-year improvement or deterioration.

The debt-to-total assets ratio has decreasedincreased year-over-year indicating an improvementa deterioration.