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) 620 550 Inventory 600 530 Prepaid expenses 120 160 Total current assets 1,670 1,600 Investments 160 160 Property, plant, and equipment (net) 420 380 Intangibles and other assets 530 510 Total assets $2,780 $2,650 Current liabilities $1,050 $940 Long-term liabilities 550 520 Stockholders equitycommon 1,180 1,190 Total liabilities and stockholders equity $2,780 $2,650 CRANE COMPANY Income Statements For the Year Ended December 31 2022 2021 Sales revenue $3,940 $3,600 Costs and expenses Cost of goods sold 1,105 1,040 Selling & administrative expenses 2,400 2,330 Interest expense 25 20 Total costs and expenses 3,530 3,390 Income before income taxes 410 210 Income tax expense 123 63 Net income $ 287 $ 147 Compute the following ratios for 2022 and 2021. (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 12/31/20, was $390.) (c) Profit margin. (d) Return on assets. (Assets on 12/31/20, were $2,690.) (e) Return on common stockholders equity. (Stockholders equity on 12/31/20, was $970.) (f) Debt to assets ratio. (g) Times interest earned.

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 Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $330 620 600 120 1,670 160 420 530 $2,780 $1,050 550 1,180 $2,780 $360 550 530 160 1,600 160 380 510 $2,650 $940 520 1,190 $2,650 2021 $3,600 CRANE COMPANY Income Statements For the Year Ended December 31 2022 Sales revenue $3,940 Costs and expenses Cost of goods sold 1,105 Selling & administrative expenses 2,400 Interest expense 25 Total costs and expenses 3,530 Income before income taxes 410 Income tax expense 123 Net income $ 287 1,040 2,330 20 3,390 210 63 $ 147 Compute the following ratios for 2022 and 2021. (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) (b) (c) (d) (e) (f) Current ratio. Inventory turnover. (Inventory on 12/31/20, was $390.) Profit margin. Return on assets. (Assets on 12/31/20, were $2,690.) Return on common stockholders' equity. (Stockholders' equity on 12/31/20, was $970.) Debt to assets ratio. Times interest earned. 2022 2021 Current ratio. :1 :1 Inventory turnover. Profit margin % % Return on assets. % % Return on common stockholders' equity. % % Debt to assets ratio. % % Times interest earned. times times