Indigo 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 Indigo 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 Indigo'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$)$ Compute the following items for Indigo Corporation. $($Round answers to $2$ decimal places, e$.$g$.2\mathrm{.}25$ or $2\mathrm{.}25\%.)$

Current ratio for fiscal years $2025$ and $2026.$

Acid$-$test $($quick$)$ ratio for fiscal years $2025$ and $2026.$

Inventory turnover for fiscal year $2026.$

Return on assets for fiscal years $2025$ and $2026.($Assume total assets were $$1,677,350$ at $\frac{3}{31}\frac{?}{24}.)$

Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year $2025$ to $2026.$Indigo 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 Indigo 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 Indigo'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.