Problem 13-02A (Video) The comparative statements of Crane Company are presented here: Crane Company Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 2020 $1,896,140 1,064,140 832,000 505,600 326,400 23,800 302,600 93,800 $208,800 2019 $1,756,100 1,011,600 744,500 484,600 259,900 21,800 238,100 74,800. $163,300 Assets Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net). Total assets Crane Company Balance Sheets December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities. Bonds payable 2020 $60,100 74,000 123,400 127,800 2019 $64,200 50,000 108,400 117,300 385,300 339,900 659,000 530,300 $1,044,300 $870,200 $165,600 $151,000 45,300 43,800 210,900 194,800 230,000 210,000 440,900 404,800 Total liabilities. Stockholders' equity 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 2020 was $236,000. Capital expenditures were $136,000, and cash dividends were $60,800. 290,000 300,000 313,400 165,400 603,400 465,400 $1,044,300 $870,200 Compute the following ratios for 2020. (Round free cash flow to 0 decimal places, e.g. 5,275 and all other answers to 2 decimal places, e.g. 1.83 or 1.83%. Use 365 days for calculation.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover (f) Average collection period. (9) Inventory turnover (h) Days in inventory (0) Times interest earned (i) (k) (0) Asset turnover Debt to assets ratio Free cash flow 5 % % :1 times. days. times days. times times % Click if you would like to Show Work for this question: Open Show Work