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Crane Corporation shows the following financial position and results for the three years ended December 31, 2022, 2021, and 2020 (in thousands): 2022 2021 2020
Crane Corporation shows the following financial position and results for the three years ended December 31, 2022, 2021, and 2020 (in thousands):
2022 | 2021 | 2020 | |||||||
Cash | $670 | $670 | $520 | ||||||
FV-NI investments | 480 | 380 | 450 | ||||||
Accounts receivable | 970 | 920 | 1,350 | ||||||
Inventory | 4,820 | 4,500 | 3,910 | ||||||
Prepaid expenses | 1,390 | 990 | 840 | ||||||
Total current assets | 8,330 | 7,460 | 7,070 | ||||||
Accounts payable | 1,450 | 1,640 | 1,720 | ||||||
Accrued liabilities | 2,360 | 1,960 | 2,000 | ||||||
Total current liabilities | 3,810 | 3,600 | 3,720 | ||||||
Cost of goods sold | 14,910 | 17,950 | 17,040 |
For each year, calculate the current ratio, quick ratio, and days payables outstanding ratio. (Round answers to 2 decimal places, e.g. 52.75%. Use 365 days for calculation.)
2022 | 2021 | 2020 | |||||||
Current ratio | |||||||||
Quick ratio | |||||||||
Days payable outstanding | days | days |
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