CRANE COMPANY Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 570 500 Inventory 520 450 Prepaid expenses 130 160 Total current assets 1,550 1,470 Property, plant, and equipment (net) 410 380 Investments 110 110 Intangibles and other assets 530 510 Total assets $2,600 $2,470 Current liabilities $920 $890 Long-term liabilities 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 72 Net income $ 228 $ 108 Compute the following ratios for 2020 and 2019. (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 December 31, 2018, was $400.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2018, were $2,110.) (e) Return on common stockholders’ equity. (Equity on December 31, 2018, was $980.) (f) Debt to assets ratio. (g) Times interest earned.