Question 4 of 4 -75 The condensed financial statements of Crane Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) CRANE COMPANY Balance Sheets December 31 2022 2021 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 670 600 Inventory 550 480 Prepaid expenses 120 160 Total current assets 1,670 1,600 Investments 210 210 420 380 Property, plant and equipment (net) Intangibles and other assets 530 510 Total assets $2,830 $2.700 Current liabilities $1,100 $990 Long-term liabilities 500 470 Stockholders' equity-common 1,230 1.240 Total liabilities and stockholders' equity $2,830 $2,700 Question 4 of 4 CRANE COMPANY Income Statements For the Year Ended December 31 2022 2021 Sales revenue $3,890 $3,550 Costs and expenses Cost of goods sold 1,155 1,090 Selling & administrative expenses 2,400 2,330 Interest expense 25 20 3,580 3,440 Total costs and expenses Income before income taxes 310 110 Income tax expense 93 33 9 Net income $ 217 $ 77 Question 4 of 4 -/5 Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, es 1.83 and all other answers to 1 decimal place, c.8. 1.8 or 12.6%) (a) (b) (c) (d) Current ratio Inventory turnover (Inventory on 12/31/20, was $450.) Profit margin Return on assets. (Assets on 12/31/20, were $2840) Return on common stockholders equity (Stockholders' equity on 12/31/20, was 5920) Debt to assets ratio Times interest earned (e) 10 2022 2021 Current ratio -1 Inventory turnover Profit margin X Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned times times AUD 26 tv A @ MacBook Pro $ &