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Comparative financial statement data for Crane Corporation and Pronghorn Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2027.
Comparative financial statement data for Crane Corporation and Pronghorn Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2027. Crane Corporation Pronghorn Corporation 2027 2027 Net sales $2,268,000 $781.200 Cost of goods sold 1,480,500 428,400 Operating expenses 356,580 123480 Interest expense 11,340 4788 Income tax expense 107,100 45.360 Current assets 476,349 199,665 Plant assets (net) 670,320 176,057 Current liabilities 83,570 42,482 Long-term liabilities 136,710 51.262 (a) 1 Compute working capital and the current ratios for each company for 2027. (Round current ratio to 1 decimal place, eg. 0.7) Worlding Capital Crane Corporation $ Pronghorn Corporation $ Current Ratio 1 1
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