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Question 4 Crane Company provides you with the following balance sheet information as of December 31, 2022 12,480 Current assets $11.960 Current liabilities $12,480 Long-term

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Question 4 Crane Company provides you with the following balance sheet information as of December 31, 2022 12,480 Current assets $11.960 Current liabilities $12,480 Long-term assets 27,560 Long-term liabilities 14,560 Total assets $39,520 Stockholders' equity Total liabilities and stockholders' equity $39,520 In addition, Crane reported net income for 2022 of $16,640, income tax expense of $3,328, and interest expense of $1,350 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 0.9. (45).) Current ratio Working capital $ LINK 10 TEXT Assume that at the end of 2022, Crane used $3,120 cash to pay off $3,120 of accounts payable. Compute the new ratios. (Round current ratio to 2 decimal places, ed. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses .. Current ratio 13 Working capital

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