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CRANE INC. Income Statement Year Ended December 31, 2021 Service revenue $2,186,500 Expenses CRANE INC. Statement of Financial Position December 31, 2021 Assets Current assets
CRANE INC. Income Statement Year Ended December 31, 2021 Service revenue $2,186,500 Expenses CRANE INC. Statement of Financial Position December 31, 2021 Assets Current assets Cash $60,100 Trading investments 56,000 Accounts receivable 267,800 Supplies Property, plant, and equipment Total assets Liabilities and Shareholders' Equity 1. Income available to common shareholders was $176,000. 2. The weighted average number of common shares was 40,000. 3. The share price at December 31 was $35.00. Calculate the following values and ratios for 2021. We provide the results for 2020 for comparative purposes. (Round current ratio, debt to total assets, and price-earnings ratio to 1 decimal place, e.g., 5.2, 5.2\%. Round basic earnings per share to 2 decimal places, e.g. 5.20.) 1. Working capital (2020:$260,500) 2. Current ratio (2020: 1.6:1.0) 3. Debt to total assets (2020:31.5%) 4. Basic earnings per share (2020:$3.15) 5. Price-earnings ratio (2020: 7.5 times) 1. Working capital $ 2. Current ratio :1 3. Debt to total assets % 4. Basic earnings per share $ 5. Price-earnings ratio times Question Part Score /7.5 Using the information from above part, analyze the changes in liquidity, solvency, and profitability between 2021 and 2020. Liquidity Solvency Profitability
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