Crane Corporation began operations January 1, 2022. Given the below information for Crane Corporation: Crane Corporation Statement of Financial Position December 31 2023 2022 Cash $15,600 $10,100 Accounts Receivable 24,400 18,400 14,400 14,000 Inventory Total Current Assets 54,400 42,500 Property, Plant & Equipment 72,900 72.900 Total Assets 127,300 115,400 Accounts Payable 9,400 9,000 Deferred Revenue 15,400 20,000 Note Payable (due 2026) 40,900 40,900 Total Liabilities 65,700 69,900 20.000 20,000 Common Shares Retained Earnings 41,600 25.500 Shareholders' Equity 61,600 45,500 Total Liabilities & Equity 127,300 115,400 Crane Corporation Statement of Income For the year ending December 31 2023 2022 Sales $216,600 $119,900 Cost of goods sold 129,600 78,700 87.000 41.200 Gross margin Operating expenses 64.800 22,600 Interest expense 5.100 2.500 Income before income tax 17.100 16,100 3,420 3,220 Income tax expense Net income 13,680 12,880 (a) Your answer has been saved. See score details after the due date. Calculate debt-to-total assets ratios. (Round answers to 2 decimal places, eg, 15.25%.) 2023 2022 Debt-to-total assets ratios 51.61 96 60.57 % Identify for each whether or not there has been a year-over-year improvement or deterioration. The debt-to-total assets ratio has decreased year-over-year indicating an Improvement Calculate times interest earned ratios. (Round answers to 2 decimal places, e.g. 15.25.) 2023 2022 Times interest earned ratios times times Identify for each whether or not there has been a year-over-year improvement or deterioration. The times interest earned has year-over-year indicating