Condensed balance sheet and income statement data for Crane Corporation are presented here. Crane Corporation Balance Sheets December 31 2022 2021 2020 Cash $30,600 $17,300 $17,300 Accounts receivable (net) 50,900 44,500 48,600 Other current assets 90,100 94,800 64,900 Investments 54,700 70,600 44,600 Property, plant, and equipment (net) 500,600 370,000 358,700 $726,900 $597,200 $534,100 Current liabilities $85,600 $79,000 $70,700 Long-term debt 144,200 85,000 50,900 Common stock, $10 par 384,000 319,000 308,000 Retained earnings 113,100 114,200 104,500 $726,900 $597,200 $534,100 Crane Corporation Crane Corporation Income Statement For the Years Ended December 31 2022 2021 Sales $736,500 $605,600 Less: Sales returns and allowances 40,200 31,000 Net sales 696,300 574,600 Cost of goods sold 424,600 372,000 Gross pront 271,700 202,600 Operating expenses (including Income taxes) 181,181 150,886 Net income $90,519 $51,714 Additional information: 1. 2 The market price of Crane's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. Net income Additional information: $90,519 $51,714 1 2 The market price of Crane's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. (a) Compute the following ratios for 2021 and 2022. und Anst tumawer and Eamings per chint to decat phases op did. Memint oto Odeci placenes 18. Iound all other auswers to 1 decanatpises, e6r) 2021 2022 (1) Profit margin (2) Gross profit rate (3) Asset turnover times times (4) Earnings per share (5) Price-earnings ratio times (6) Payout ratio % (17) Debt to assets ratio