Crane Companyhas these comparative balance sheet data:

CRANE COMPANY

Balance Sheets

December 31

2022

2021

Cash$27,645

$55,290

Accounts receivable (net)129,010

110,580

Inventory110,580

92,150

Plant assets (net)368,600

331,740

$635,835

$589,760

Accounts payable$92,150

$110,580

Mortgage payable (15%)184,300

184,300

Common stock, $10 par258,020

221,160

Retained earnings101,365

73,720

$635,835

$589,760

Additional information for 2022:

1.Net income was $26,900.2.Sales on account were $392,300. Sales returns and allowances amounted to $27,000.3.Cost of goods sold was $217,600.4.Net cash provided by operating activities was $59,800.5.Capital expenditures were $26,800, and cash dividends were $12,300.

Compute the following ratios at December 31, 2022.(Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.)