Crane Company provides you with the following balance sheet information as of December 31, 2017...
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Crane Company provides you with the following balance sheet information as of December 31, 2017 Current assets Long-term assets Total assets $9.430 Current liabilities 21.730 Long-term liabilities $31.160 Stockholders' equity Total liabilities and stockholders' equity $9,840 11.480 9.840 $31.160 In addition, Crane reported net income for 2017 of $13,120, income tax expense of $2,624, and interest expense of $1,067. Your answer is correct. Compute the current ratio and working capital for Crane for 2017. (Round current ratio to 2 decimal places, e..2.75. Enter negative a Current ratio Working capitals 0.96 :1 -410 e Textbook and Media Your answer is correct. Assume that at the end of 2017, Crane used $2.460 cash to pay off $2.460 of accounts payable. How would the current ratio and 1 Current ratio Working capital $ 0.94 -410 e Textbook and Media - Your answer is partially correct. Compute the debt to assets ratio and the times interest earned for Crane for 2017. Round answers to 2 decimal places, es 2.75.) Debt to assets ratio Times interest earned ratio 68.42 :1 15.76 times
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