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Crane Company provides you with the following balance sheet information as of December 31, 2022. Current assets $9,430 Current liabilities $9,840 Long-term assets 21,730 Long-term

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Crane Company provides you with the following balance sheet information as of December 31, 2022. Current assets $9,430 Current liabilities $9,840 Long-term assets 21,730 Long-term liabilities 11,480 Total assets $31,160 Stockholders' equity 9,840 Total liabilities and stockholders' equity $31,160 In addition, Crane reported net Income for 2022 of $13,120, Income tax expense of $2,624, and Interest expense of $1,067. Compute the current ratio and working capital for Crane for 2022. (Round current ratio to 2 decimal places, eg. 2.75. Enter negative amounts usin parentheses e.g. (45).) Current ratio Working capital LINK TO TEXT Assume that at the end of 2022, Crane used $2,460 cash to pay off $2.460 of accounts payable. Compute the new ratios. (Round current ratio to 2 decima negative sign preceding the number 0.g. -15 or parentheses 0.9 (45).) Current ratio 1 Working capital

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