0/5 Question 7 of 8 Current Attempt in Progress * Your answer is incorrect Selected financial information for CraneCorporation as of December are presented below. 2014 2013 $82,640 $63,140 34,440 28,700 Current assets Current liabilities Stockholders' equity Total assets 98,400 86,920 246,000 221,400 Net sales and net income for 2014 were $ 369,000 and $ 29,520 respectively. Dividends of $3,280 were declared for common stockholders and $ 4920for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders equity Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate (Round answers to 2. decimal places, es 2.12.) 1 Retum on assets 2 Profit margin 3 Payout ratio 4 Debt assets ratio % 5 Current ratio Return on common stockholders equity Question 7 of 8 075 2014 2013 Qurrent assets $82,640 $63,140 34.440 28,700 Current liabilities Stockholders' equity Total assets 98,400 B6,920 246,000 221,400 Net sales and net income for 2014 were $ 369,000 and $ 29,520 respectively. Dividends of $3,280 were declared for common stockholders and $ 4,920for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. Round answers to 2 decimal plooss, es. 212) 1. Return on assets % 2 Profit margin % 3. Payout ratio X 4. Debt assets ratio 5 Current ratio 1 6 Retum on common stockholders equity * e Textbook and Media Se Attempt 1 of 5 used Sunner