Exercise 12-9 Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Crane Medical Balance Sheet As of December 31 Curnent bsets 433,000 47450 Property, plant, &eeuipment, net Liablities and steckhalders Equity Current labilites Long-beme $3,142,000 $2846,50 ,714,000 32,700 Preferred stock $5 par value Retained ei 894,780 360,495 425,780 Total iabilities and stackholdersequity 1.21780 3056.095 Crane Medical For the Year Sales revenue Call on Accoun $10,177,300 Gross prof Operating expenses boone taxes (30%) 27,365 5957,185 Tatal dividends pad 538 245 amings, beginning of year Retained eamings, end of year Calculate the following leverage ratios for 2016. (Round all answers to 2 decimal places, eg. 2.55% or 2.55.) eamed ratia like to Sho