Crane Company provides you with the following balance sheet information as of December 31, 2017. Current assets $14,490 Current liabilities $15,120 Long-term assets 33,390 Long-term liabilities 17,640 Total assets $47,880 Stockholders’ equity 15,120 Total liabilities and stockholders’ equity $47,880 In addition, Crane reported net income for 2017 of $20,160, income tax expense of $4,032, and interest expense of $1,635. Partially correct answer icon Your answer is partially correct. Compute the current ratio and working capital for Crane for 2017. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio enter current ratio rounded to 2 decimal places :1 Working capital $enter a dollar amount eTextbook and Media Incorrect answer icon Your answer is incorrect. Assume that at the end of 2017, Crane used $3,780 cash to pay off $3,780 of accounts payable. How would the current ratio and working capital have changed? (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio enter current ratio rounded to 2 decimal places :1 Working capital $enter a dollar amount eTextbook and Media Incorrect answer icon Your answer is incorrect. Compute the debt to assets ratio and the times interest earned for Crane for 2017.