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Bridgeport Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one

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Bridgeport Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one of the organizers of Bridgeport and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On June 10,2026, Daniel Brown approached the Topeka National Bank, asking for a 24-month extension on two $34,960 notes, which are due on June 30, 2026, and September 30, 2026. Another note of $6,030 is due on March 31,2027 , but he expects no difficulty in paying this note on its due date. Brown explained that Bridgeport's cash flow problems are due primarily to the company's desire to finance a $299,210 plant expansion over the next 2 fiscal years through internally generated funds. The notes payable due at march 31, 2025 are due prior to March 31, 2026. The commercial loan officer of Topeka National Bank requested the following financial reports for the last 2 fiscal years. a Cash, dividends were paid at the rate of $1 per share in fiscal year 2025 and $2 per share in fiscal year 2026 . "Depreciation charges on the plant and equipment of $100,890 and $103,120 for fiscal years ended March 31,2025 and 2026 , respectively, are included in cost of goods sold. a) Compute the following items for Bridgeport Corporation (Round answers to 2 decimal places, eg. 2.25 or 2.25% ) 1. Current ratio for fiscal years 2025 and 2026. 2. Acid-test (quick) ratio for fiscal years 2025 and 2026 . 3. Inventory turnower for fiscal year 2026 . 4. Return on assets for fiscal vears 2025 and 2026. (Assume total assets were $1,677,350 at 3/31/24.] 5. Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year 2025 to 2026

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