Hello I need help if I got the right answers or not. I also need help with the empty boxes.

Carla 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 Carla 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 $34,890 notes, which are due on June 30, 2021, and September 30, 2021. Another note of $6,030 is due on March 31, 2022, but he expects no difficulty in paying this note on its due date. Brown explained that Carlas cash flow problems are due primarily to the companys desire to finance a $300,330 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. Carla Corporation Balance Sheet March 31 Assets Cash Notes receivable 2021 $18,150 148,430 132,710 106,010 1,462,750 $1,868,050 2020 $12,620 131,870 124,830 49,740 1,424,480 $1,743,540 Inventories (at cost) Plant & equipment (net of depreciation) Total assets Liabilities and Owners' Equity Accounts payable Accrued liabilities Common stock (130,000 shares, $10 par) Retained earningsa Total liabilities and stockholders' equity $78,420 75,810 10,570 1,311,520 391,730 $1,868,050 $90,570 61,420 18,690 1,290,790 282,070 $1,743,540 aCash dividends were paid at the rate of $1 per share in fiscal year 2020 and $2 per share in fiscal year 2021. Sales revenue Cost of goods solda Gross margin Operating expenses Income before income taxes Income taxes (40%) Net income Carla Corporation Income Statement For the Fiscal Years Ended March 31 2021 $2,982,440 1,531,830 1,450,610 868,110 582,500 233,000 $349,500 2020 $2,693,330 1,412,530 1,280,800 783,720 497,080 198,832 $298,248 Depreciation charges on the plant and equipment of $100,460 and $102,810 for fiscal years ended March 31, 2020 and 2021, respectively, are included in cost of goods sold. (a) Compute the following items for Carla Corporation. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) 1. 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 $1,701,230 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. 5. 2020 2021 1. Current ratio 1.87 :1 2.46 :1 2. Acid-test (quick) ratio 1.58 :1 2.16 :1 3. Inventory turnover 19.67 times 4. Return on assets 16.79 % 5. Percent Changes Percent Increase Sales revenue Cost of goods sold Gross margin Net income after taxes