CRANI COMPANY Income Statements For the Years Ended December 31 2016 2017 $1,898,740 $1,758,700 1,066,740 1,014,200 744,500 508,200 467:200 257,300 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses 832,000 323,800 21,700 235,600 74,700 $160,900 23,700 300,100 93,700 $ 206,400 Interest expense Income before income taxes Income tax expense Net income CRANE COMPANY Balance Sheets December 31 2016 2017 Assets Current assets 60,100 64,200 74,000 5o,o00 126,000 111,000 127,700 117,200 387,800 342,400 660,000 531,300 $1,047,800 $873,700 Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities 168,200 $153,600 43,700 213,400 197,300 231,000 211,000 444,400 408,300 Accounts payable Income taxes payable 45,200 Total current liabilities Bonds payable Total liabilities Stockholders' equity 290,000 300,000 313,400 165,400 603,400 465,400 $1,047,800 $873,700 Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity All sales were on account. Net cash provided by operating activities for 2017 was $238,000. Capital expenditures were $136,000, and cash dividends were $58,400. Compute the following ratios for 2017. (Round all answers to 2 decinal places, e.g. 1.83 or 1.83%.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (c) Accounts receivable turnover (t) Average collection period (g) Inventory turnover (h) Days in inventory (O) Times interest earned 6) Asset turnover (k) Debt to assets ratio () Free cash flow times days times days times times