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could you guys please show work i really want to understand it. thanks :) Whispering Corporation was formed 5 years ago through a public subscription

could you guys please show work i really want to understand it. thanks :)
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Whispering 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 Whispering and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On June 10, 2021, Daniel Brown approached the Topeka National Bank, asking for a 24-month extension on two $34.930 notes, which are due on June 30, 2021, and September 30, 2021. Another note of $5,940 is due on March 31,2022, but he expects no difficulty in paying this note on its due date. Brown explained that Whispering's cash flow problems are due primarily to the company's desire to finance a $299,490 plant expansion over the next 2 fiscal years through internally generated funds The commercial loan officer of Topeka National Bank requested the following financial reports for the last 2 fiscal years. Whispering Corporation Balance Sheet March 31 Assets 2021 2020 Cash $18,210 $12.550 Notes receivable 148,520 131,480 Accounts receivable (net) 131,030 124.980 105,670 50.450 Inventories (at cost) Plant & equipment (net of depreciation) Total assets 1,463,200 1.431,100 $1.866.630 $1.750,560 Liabilities and Owners' Equity $78,850 $90,930 Accounts payable Notes payable 75,800 61,460 16,240 20,980 Accrued liabilities 1,308,430 1.297,370 Common stock (130,000 shares, $10 par) Retained earnings 387,310 279,820 $1,866,630 $1,750,560 Total liabilities and stockholders' equity "Cash dividends were paid at the rate of $1 per share in fiscal year 2020 and $2 per share in fiscal year 2021. Whispering Corporation Income Statement For the Fiscal Years Ended March 31 2021 2020 Sales revenue $2.998,210 $2.708.130 Cost of goods sold 1538.040 1419 360 Gross margin Operating expenses 1.460.170 1.288.770 852870 776 650 Income before income taxes 607 300 512.120 Income taxes (40%) 242.920 204.848 Net Income 364380 $307 272 "Depreciation charges on the plant and equipment of $99,160 and $102.770 for fiscal years ended March 31, 2020 and 2021 respectively, are included in cost of goods sold. (a) Compute the following items for Whispering Corporation. (Round answers to 2 decimal places, 6.8. 2.25 or 2.25%) 1. 2. 3. Current ratio for fiscal years 2020 and 2021 Acid-test (quick) ratio for fiscal years 2020 and 2021 Inventory turnover for fiscal year 2021. Return on assets for fiscal years 2020 and 2021. (Assume total assets were $1,695,960 at 3/31/19.) Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year 2020 to 2021 4. 5. 2020 2021 1 Current ratio 184 1 1 2 Acid-test (quick) ratio 1.55 :1 1 3 Inventory turnover times 4 Return on assets 36 5. Percent Changes Percent Increase Sales revenue % Cost of goods sold % Gross margin % Net income after taxes %

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