The comparative statements of Crane Company are presented here. CRANE COMPANY Income Statements For the Years Ended December 31 2017 2016 $1,898,740 $1,758,700 1,066,740 1,014,200 Net sales Cost of goods sold Gross profit Selling and administrative expenses 832,000 744,500 508,200 487,200 Income from operations 323,800 257,300 Other expenses and losses Interest expense 23.700 21,700 Income before income taxes 300,100 235,600 Income tax expense 93,700 74,700 Net income $ 206,400 $ 160,900 2016 $ 64,200 50,000 111,000 117,200 342,400 531,300 $873,700 CRANE COMPANY Balance Sheets December 31 Assets 2017 Current assets Cash $ 60,100 Debt investments (short-term) 74,000 Accounts receivable 126,000 Inventory 127,700 Total current assets 387,800 Plant assets (net) 660,000 Total assets $1,047,800 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 168,200 Income taxes payable 45,200 Total current liabilities 213,400 Bonds payable 231,000 Total liabilities 444,400 Stockholders' equity Common stock ($5 par) 290,000 Retained earnings 313,400 Total stockholders' equity 603,400 Total liabilities and stockholders' equity $1,047,800 $153,600 43,700 197.300 211,000 408,300 300,000 165.400 465.400 $873.700 All sales were on account. Net cash provided by operating activities for 2017 was $238,000. Capital expenditures were $136,000, and cash dividends were $58,400. Compute the following ratios for 2017. (Round all answers to 2 decimal places, eg. 1.83 or 1.83%) (a) Earnings per share 3.51 (b) Return on common stockholders' equity 38.62 % (c) Return on assets 21.49 96 (d) Current ratio 182 :1 le) Accounts receivable turnover 16.02 times (0) Average collection period 22.78 days (8) Inventory turnover 122450 times (h) Days in inventory 41.81 days (0) Times interest earned 1367 times Asset turnover 1.97 times (k) Debt to assets ratio .42 % (0) Free cash flow 102000