Marigold 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 Marigold 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 $35,140 notes, which are due on June 30,2026, and September 30,2026. Another note of $5,960 is due on March 31,2027 , but he expects no difficulty in paying this note on its due date. Brown explained that Marigold's cash flow problems are due primarily to the company's desire to finance a $297,340 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 Marigold Corporation. (Round answers to 2 decimal places, e.3. 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 turnover for fiscal year 2026. 4. Return on assets for fiscal years 2025 and 2026. (Assume total assets were $1,700,190 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. 2 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 $99,470 and $101,870 for fiscal years ended March 31, 2025 and 2026, respectively, are included in cost of goods sold. (a) Compute the following items for Marigold Corporation. (Round answers to 2 decimal places, e.g. 2.25 or 2.25\%.) Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year 2025 to 2026 . \begin{tabular}{|c|c|c|} \hline & & \\ \hline Assets & 2026 & 2025 \\ \hline Cash & $18,250 & $12,400 \\ \hline Notes receivable & 148,470 & 131,930 \\ \hline Accounts receivable (net) & 131,230 & 126,700 \\ \hline Inventories (at cost) & 104,800 & 50,130 \\ \hline Plant \& equipment (net of depreciation) & 1,457,040 & 1,426,050 \\ \hline \multirow[t]{2}{*}{ Total assets } & $1,859,790 & $1,747,210 \\ \hline & & * \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & $78,750 & $90,290 \\ \hline Notes payable & 76,240 & 61,920 \\ \hline Accrued liabilities & 24.560 & 21,184 \\ \hline Common stock ( 130,000 shares, $10 par) & 1,289,340 & 1,292,930 \\ \hline Retained earnings? & 390,900 & 280,886 \\ \hline Total liabilities and stockholders' equity & $1,859,790 & $1,747,210 \\ \hline \end{tabular}