CRANE COMPANY Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 530 460 Inventory 640 570 Prepaid expenses 130 160 Total current assets Property, plant, and equipment (net) Investments 1,630 1,550 410 380 70 70 530 510 $2,640 $2,510 Intangibles and other assets Total assets Current liabilities $880 $850 Long-term liabilities 660 560 1.100 1.100 Stockholders' equity-common Total liabilities and stockholders' equity $2,640 $2,510 CRANE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2020 2019 Sales revenue $3,980 $3,640 Costs and expenses Cost of goods sold 1,030 Selling & administrative expenses 950 2,330 20 3,300 2,400 10 3,440 Interest expense Total costs and expenses Income before income taxes 540 340 Income tax expense 216 $324 136 $204 Net income Compute the following ratios for 2020 and 2019. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2018, was $390.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2018, were $2,720.) (e) Return on common stockholders' equity. (Equity on December 31, 2018, was $950.) (f) Debt to assets ratio. (g) Times interest earned. 2020 2019 (a) Current ratio. (b) Inventory turnover. (c) Profit margin. (d) Return on assets. (e) Return on common stockholders' equity. (f) Debt to assets ratio. (g) Times interest earned. times times