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The condensed financial statements of crane company for the years 2019 and 2020 are presented as follows. The condensed financial statements of Crane Company for

The condensed financial statements of crane company for the years 2019 and 2020 are presented as follows. image text in transcribed
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The condensed financial statements of Crane Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.) CRANE COMPANY Balance Sheets Current assets December 31 2020 2019 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 Property, plant, and equipment 420 380 Intangibles and other assets 530 510 Total assets: $2,830 $2,700 Current liabilities $1,100 $990

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