COM 204 (Fall 2020) MyLab Accounting for Financial Accounting. Homework: Ch10 - Financial Statement Analysis 2 of 7 (0 complete) Score: 0 of 1 pt S10-5 (similar to) Examine the financial data of Craft Corporation Show how to compute Craft's current ratio from 2018 to 2020. Is the company's ability to pay its current labas province deter Click the icon to view the balance sheet) Balance sheet (Round ratios to two decimal places.) Formula Current ratio Cealt Yours Ende (dollar amounts in millions) Consolidated Financial Measures and Ratios Operating Results Net earnings Per common share Operating income Operating margin Gross profit percentago Return on net Rolumn on shareholders equity Interest coverage Financial Position Worlong capta Choose from any drop-down list and then click Check Answer 4 Toe here to search o . Question He Ho 2020. Is the company's ability to pay its current liabilities improving or deteriorating? Balance sheet Current ratio 2019 2018 $ 674 S 655 on s 2.46 S 2.42 S 1.241 $ Craft Corporation Years Ended December 31 (dollar amounts in millions) 2020 Consolidated Financial Measures and Ratios Operating Results Net earnings S 768 Per common share 2.76 Operating income s 1 314 Operating margin 3.9% Gross profit percentage 227% Return on net assets 14% Return on shareholders' equity 12.7% Interest coverage 4.1 times Financial Position Working capital S 1.693 Current assets $ 6,412 Current liabilities S 4719 3.9% 1,207 3.4 % 23.9% 1496 229% 14% 12 1 % 10.4% 4.1 times 4.1 times S 1 010 $ 921 S S 6.042 5.032 5.945 5024 S S Ver Print Dana