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Do It! Review 10-04 Crane Company provides you with the following balance sheet information as of December 31, 2022. Current assets Long-term assets Total assets
Do It! Review 10-04 Crane Company provides you with the following balance sheet information as of December 31, 2022. Current assets Long-term assets Total assets 59,430 21,730 $31,160 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,840 11,480 9,840 $31,160 In addition, Crane reported net income for 2022 of 513,120, income tax expense of $2,624, and interest expense of $1,066. Compute the current ratio and working capital for Crane for 2022. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio Working capitals LINK TO TEXT Assume that at the end of 2022, Crane used $2,460 cash to pay off $2,460 of accounts payable. Compute the new ratios. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parent Current ratio Working capitals LINK TO TEXT Compute the debt to assets ratio and the times interest earned for Crane for 2022. (Round answers to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Debt to assets ratio Times interest earned ratio times
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