Crane company provides you with the following balance sheet


Crane Company provides you with the following balance sheet information as of December 31, 2017. In addition, Crane reported net income for 2017 of $15,800, income tax expense of $3,100, and interest expense of $1,300. Assume that at the end of 2017, Crane used $2,900 cash to pay off $2,900 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).)

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Accounting Basics: Crane company provides you with the following balance sheet
Reference No:- TGS01519878

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