ACC 318 Module Six Assignment - Please Help

Complete this template by replacing the bracketed text with the relevant information.

Calculations

1. Calculate the current ratio for fiscal years 2025 and 2026.

[Insert text.]

1. Calculate the acid test (quick ratio) for fiscal years 2025 and 2026.

[Insert text.]

1. Calculate the inventory turnover for the fiscal year 2026.

[Insert text.]

1. Calculate the return on assets for fiscal years 2025 and 2026. (Assume that total assets were $1,688,500 at 3/31/24.)

[Insert text.]

Percentage Changes

1. Calculate the percentage change in sales from the fiscal year 2025 to 2026.

[Insert text.]

1. Calculate the percentage change in cost of goods sold from the fiscal year 2025 to 2026.

[Insert text.]

1. Calculate the percentage change in gross margin from the fiscal year 2025 to 2026.

[Insert text.]

1. Calculate the percentage change in net income after taxes from the fiscal year 2025 to 2026.

[Insert text.]

Financial Decisions and Factors

1. Describe at least one additional financial report or analysis that might be helpful to the commercial loan officer of Topeka National Bank in evaluating Daniel Browns request for a time extension on Bradburns notes.

[Insert text.]

1. Explain whether Bradburns desire to finance the plant expansion from internally generated funds is realistic. Assume that the percentage changes experienced in fiscal year 2026 as compared with fiscal year 2025 for sales, cost of goods sold, and operating expenses will be repeated in each of the next two years. Consider the following question to guide your response:
   1. What will the percentage changes for sales, cost of goods sold, and operating expenses look like in each of the next two years?
   2. How does the percentage change for sales, cost of goods sold, and operating expenses affect Bradburns ability to finance the plant expansion from internally generated funds?

[Insert text.]

1. Explain whether Topeka National Bank should grant the extension on Bradburns notes considering Daniel Browns statement about financing the plant expansion through internally generated funds. Consider the following question to guide your response:
   1. Should Topeka National Bank grant the loan? Why or why not?
   2. Will Bradburns projected operations for 2027 generate an adequate amount of cash to finance the plant expansion and repay the loan?
   3. Does Bradburn need the 24-month extension? Why or why not?
   4. What do the financial ratios indicate about Bradburns financial structure?

[Insert text.]

References

Include any references used to complete this assignment. This section is for the full citation. Sources should be cited using APA style.

[Insert text.]

2025 and 2026, respectively, are included in cost of goods sold