Current Attempt in Progress The comparative statements of Crane Company are presented here: Crane Company Income Statements For the Years Ended December 31 2020 2019 Net sales $1,896,140 $1,756,100 Cost of goods sold 1,064,140 1,011,600 Gross profit 832,000 744,500 Selling and administrative expenses 505,600 484,600 Income from operations 326,400 259,900 Other expenses and losses Interest expense 23,800 21,800 Income before income taxes 302,600 238,100 Income tax expense 93,800 74.800 Net income $208,800 $ 163,300 Crane Company Crane Company Balance Sheets December 31 2020 2019 Assets Current assets $60,100 $64,200 Cash 74,000 50,000 Debt investments (short-term) 123,400 108,400 Accounts receivable 127,800 117,300 Inventory 385,300 339,900 Total current assets 659,000 530,300 Plant assets (net) $1,044,300 $870,200 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $165,600 $151,000 Income taxes payable 45,300 43,800 Total current liabilities 210,900 194.800 Bonds payable 230,000 210,000 $165,600 $151,000 45,300 43,800 210,900 194.800 210,000 230,000 Liabilities and Stockholders Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders equity 440,900 404,800 290,000 300.000 313.400 603,400 165,400 465.400 $870,200 $1,044,300 All sales were on account. Net cash provided by operating activities for 2020 was $236,000. Capital expenditures were $136.000, and cash dividends were 560,800 Compute the following ratios for 2020. (Round free cash flow to decimal places, s. 5,275 and all other answers to 2 decimal places, es 1.83 or 1.83X Use 365 days for calculation) All sales were on account. Net cash provided by operating activities for 2020 was $236,000. Capital expenditures were $136,000, and cash dividends were $60,800. Compute the following ratios for 2020. (Round free cash flow to O decimal places, eg. 5,275 and all other answers to 2 decimal places, eg: 183 or 1.83%. Use 365 days for calculation.) $ (a) Earnings per share % (b) Return on common stockholders' equity 96 (c) Return on assets :1 (d) Current ratio times e Accounts receivable turnover fy Average collection period days times 18 Inventory turnover days th) Days in Inventory times Times interest earned times Asset turnover 0 96 (c) Return on assets :1 (d) Current ratio times le e) Accounts receivable turnover days (4) 5 Average collection period times (g) Inventory turnover days th Days in inventory times Times interest earned times 0 Asset turnover 96 k) Debt to assets ratio (0) Free cash flow $