The condensed financial statements of Crane Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) CRANE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 570 500 Inventory 580 510 Prepaid expenses 120 160 Total current assets 1,600 1,530 Investments 110 110 Property, plant, and equipment (net) 380 420 530 510 Intangibles and other assets $2,660 $2,530 Total assets $890 $1,000 Current liabilities 500 530 Long-term liabilities 1,130 1,140 Stockholders' equity-common $2,53O $2,660 Total liabilities and stockholders' equity CRANE COMPANY Income Statements For the Year Ended December 31 2017 2016 Sales revenue $3,920 $3,580 Costs and expenses Cost of goods sold 1,055 990 Selling & administrative expenses 2,400 2,330 Interest expense 25 20 Total costs and expenses 3,480 3,340 Income before income taxes 440 240 Income tax expense 132 72 $ 168 $ 308 Net income Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal pl eg. 1.8 or 12.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on 12/31/15 was $450.) (c) Profit margin. (d) Return on assets. (Assets on 12/31/15 were $2,670.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/15 was $940.) (f) Debt to assets ratio. Times interest earned. (g) (c) Profit margin. (d) Return on assets. (Assets on 12/31/15 were $2,670.) Return on common stockholders' equity. (Stockholders' equity on 12/31/15 was $940.) (e) (f) Debt to assets ratio. (g) Times interest earned. 2016 2017 :1 Current ratio. :1 times Inventory turnover. times Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. times times Times interest earned