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The condensed financial statements of Crane Company for the years 2026 and 2027 are as follows. CRANE COMPANY Balance Sheets December 31 (in thousands)

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The condensed financial statements of Crane Company for the years 2026 and 2027 are as follows. CRANE COMPANY Balance Sheets December 31 (in thousands) 2027 2026 Current assets Cash and cash equivalents $252 $314 Accounts receivable (net) 570 500 Inventory 520 450 Prepaid expenses 130 160 Total current assets 1,472 1,424 Investments 110 110 Property, plant, and equipment (net) 488 380 Other assets 530 556 Total assets $2,600 $2,470 Current liabilities $920 $890 Long-term liabilities 540 440 Stockholders' equity-common 1,140 1,140 Total liabilities and stockholders' equity $2,600 $2,470 CRANE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2027 2026 $3,860 $3,520 Net sales Expenses Cost of goods sold 1,067 850 Selling and administrative expenses 2,400 2,330 Interest expense 10 20 Total expenses 3,477 3,200 Income before income taxes 383 320 Income tax expense 153 128 Net income $230 $ 192 Compute the following ratios for 2027 and 2026. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or12.6%.} Compute the following ratios for 2027 and 2026. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2025, was $400.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2025, were $2,110.) (e) Return on common stockholders' equity. (Stockholders' equity-common on December 31, 2025, was $980.) (f) Debt to assets ratio. (g) Times interest earned. (a) Current ratio. (b) Inventory turnover (c) Profit margin 2027 :1 times % 2026 :1 times % (d) Return on assets % % (e) Return on common stockholders' equity. % % (f) Debt to assets ratio (g) Times interest earned % times % times

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