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Question: crane ltd had the following comparative balance sheets crane ltd...

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Crane Ltd. had the following comparative balance sheets:

Crane Ltd.
Comparative Statement of Financial Position
As at March 31
Assets 2018 2017
Cash $ 15,100 $ 13,900
Accounts receivable 59,700 39,900
Inventories 84,700 68,700
Prepaid expenses 8,100 2,500
Property, plant, and equipment 251,100 210,700
Accumulated depreciation (60,300 ) (49,700 )
Total assets $ 358,400 $ 286,000
Liabilities and Shareholders’ Equity
Accounts payable $ 36,700 $ 42,100
Interest payable 4,900 5,300
Income taxes payable 22,900 13,700
Bonds payable 89,100 65,900
Common shares 95,500 78,500
Retained earnings 109,300 80,500
Total liabilities and shareholders’ equity $ 358,400 $ 286,000


Calculate the current ratio and debt to total assets ratio as at March 31, 2018 and March 31, 2017. (Round Current ratio to 1 decimal place, e.g. 15.1 and Debt to total asset ratio to 2 decimal places, e.g. 15.75.)

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