Hello, can you check these two problems please? Thank you.

Horizontal Analysis of the Income Statement Income statement data for Winthrop Company for two recent years ended December 31, are as follows: Current Year Previous Year Sales $861,000 $700,000 Cost of goods sold 720,000 600,000 Gross profit $141,000 $100,000 Selling expenses $39.550 $35,000 Administrative expenses 36,300 30,000 Total operating expenses $75,850 $65,000 Income before income tax $65, 150 $35,000 Income tax expenses 26,100 14,000 Net income $39,050 21,000 a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. If required, round to one decimal place. Increase (Decrease) Percent Amount Winthrop Company Comparative Income Statement For the Years Ended December 31 Current Previous Increase year Year (Decrease) Amount Amount Sales 5861,000 $700,000 161.000 Cost of goods sold 720,000 600,000 Gross profit 5141,000 $100,000 Selling expenses 579,550 $35,000 Administrative expenses 36,300 30,000 Total operating expenses $75,850 $65,000 Income before income tax 565,150 $35,000 M.180 Income tax expense 26,100 14,000 Net Income $39,050 $21,000 18,050 41 13 21 Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) $2,139,400 Liabilities: Current liabilities $224,000 Note payable, 6%, due in 15 years 1,126,000 Total liabilities $1,350,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) $810,000 Common stock, $10 par (no change during year) 810,000 Retained earnings: Balance, beginning of year $864,000 Net Income 423,000 $1,287,000 Preferred dividends $16,200 Common dividends 190,800 207,000 Balance, end of year 1,080,000 Total stockholders' equity $2,700,000 Sales $18,560,300 Interest expense $67,560 Assuming that total assets were $3,848,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place. a. Ratio of foxed assets to long-term liabilities 1.9 b. Ratio of liabilities to stockholders' equity 0.5 c. Asset turnover 6.20 X d. Return on total assets 15.7 % e. Return on stockholders' equity 15.7 X % 1. Return on common stockholders' equity 5.22 X