The comparative statements of Crane Company are presented here. CRANE COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $2,363,400 $2,205,000 1,307,000 1,287,680 1,056,400 917,320 640,000 613,120 416,400 304,200 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 28,160 25,600 388,240 278,600 116,472 83,580 $ 271,768 $ 195,020 CRANE COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 76,928 $82,176 Debt investments (short-term) 94,720 64,000 Accounts receivable 150,784 131,584 Inventory 161,280 147,840 Total current assets 483,712 425,600 Plant assets (net) 830,720 665.984 Total assets $1,314,432 $1,091,584 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 204,800 $186,112 Income taxes payable 55,680 53,760 Total current liabilities 260,480 239,872 Bonds payable 281,600 256,000 Total liabilities 542,080 495.872 Stockholders' equity Common stock ($5 par) 371,200 384,000 Retained earnings 401,152 211,712 Total stockholders' equity 772,352 595,712 Total liabilities and stockholders' equity $1,314,432 $1,091,584 All sales were on account. Net cash provided by operating activities for 2022 was $281,600. Capital expenditures were $174,080, and cash dividends were $82,328. All sales were on account. Net cash provided by operating activities for 2022 was $281,600. Capital expenditures were $174,080, and cash dividends were $82,328. Compute the following ratios for 2022. (Round all answers to 2 decimal places, eg. 1.83 or 1.83%.) (a) Earnings per share $ 2.52 (b) Return on common stockholders' equity 50.21 % (c) Return on assets 22.59 % (d) Current ratio 1.86 :1 (e) Accounts receivable turnover 16.74 times (f) Average collection period 21.80 days (g) Inventory turnover 8.46 times (h) Days in inventory 43.14 days (0) Times interest earned 14.79 times () Asset turnover 1.96 times (k) Debt to assets ratio 22 % (1) Free cash flow $ 107520