The condensed financial statements of Crane Company for the years 2019 and 2020 are presented below. CRANE COMPANY Balance Sheets December 31 (in thousands) 2020 2019 $330 $360 570 500 520 450 130 160 1,550 1.470 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long term liabilities 410 380 110 110 530 510 $2,600 $2.470 $920 $890 540 440 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) 2020 2019 Sales revenue $3,860 $3,520 Costs and expenses Cost of goods sold 1,070 990 Selling & administrative expenses 2.400 2.330 Interest expense 10 20 Total costs and expenses 3.480 3,340 Income before income taxes 380 180 Income tax expense 152 Net income $ 228 $ 108 72 undatinentiadimaanthathinnanimal and all th Compute the following ratios for 2020 and 2019. (Round current ratio and inventory turnover to 2 decimal places, eg 183 and all other answers to 1 decimal place, eg. 1.8 or 12.6%) (a) Current ratio (b) Inventory turnover. (Inventory on December 31, 2018, was $400.) (c) Proht margin (d) Return on assets. (Assets on December 31, 2018, were $2.110.) le) Return on common stockholders equity. (Equity on December 31, 2018, was $980.) Debt to assets ratio Times interest earned 2020 2019 (a) Current ratio :1 b) Inventory turnover (c) Profit margin % (d) Return on assets DARI www. 2020 2019 (a) Current ratio 1 .1 (b) Inventory turnover (c) Proht margin % %8 (d) Return on assets 96 % (e) Return on common stockholders equity %% % h) Debt to assets ratio % % (8) Times interest earned times times Teythonk and Media