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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

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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 $330 $360 Cash and cash equivalents Accounts receivable (net) 710 640 Inventory 580 510 Prepaid expenses 120 160 Total current assets 1740 1.670 Investments 250 250 420 380 530 510 $2.940 $2.810 Property, plant, and equipment (net) Intangibles and other assets Total assets Current liabilities Long term Habilities Stockholders equity.common Total abilities and stockholders equity 51.140 $1.030 530 500 1.270 1.280 $2.940 52.810 CRANE COMPANY Income Statements For the Years Ended December 31 2022 2021 Net Sales $3.920 $3.580 1.195 1,130 2,400 2.330 Expenses Cost of goods sold Selling administrative expenses Interest expense Total expenses Income before income taxes Income tax experise 25 20 3,620 3,480 300 100 90 30 Net Income $ 210 $70 Cost of goods sold 1.195 1.130 Selling & administrative expenses 2.400 2.330 Interest expense 25 20 3,620 3.480 300 100 Total expenses Income before income taxes Income tax expense Net income 90 30 $ 210 $70 Compute the following ratios for 2022 and 2021. (Round current ratio and Inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place.es 1.8 or 12.6%) (a) (6) c) Id) Current ratio Inventory turnover. (Inventory on 12/31/20 was $450) Profit margin Return on assets. (Assets on 12/31/20 were $2,840) Return on common stockholders' equity. (Stockholders' equity-common on 12/31/20 was 5920) Debt to assets ratio Times interest earned (c) 0 2022 2021 (a) Current ratio 1 1 1 (6) Inventory turnover times times (c) Profit margin (d) Return on assets * (e) Return on common stockholders equity O Debit to assets ratio 2 e) Times interest earned times times e Textbook and Media Sare for Attempts: 0 of 3 used Sun An

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