Martinez 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 Martinez 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 $35,310 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 Martinez's cash flow problems are due primarily to the company's desire to finance a $299,020 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. rt Martinez Corporation Balance Sheet March 31 Assets 2021 2020 Cash $18,380 $12,510 Notes receivable 149.450 131,550 Accounts receivable (net) 133,000 126,430 Inventories (at cost) 104,050 50.100 1456,620 1,424.470 Plant & equipment (net of depreciation) $1,861,500 $1.745,060 Total assets Liabilities and Owners' Equity Income taxes (40%) 231,552 211,248 Net income $347,328 $316,872 Depreciation charges on the plant and equipment of $99.930 and $103,250 for fiscal years ended March 31, 2020 and 2021, respectively, are included in cost of goods sold. (a) Compute the following items for Martinez Corporation. (Round answers to 2 decimal places, eg 2.25 or 2.25%.) 1. Current ratio for fiscal years 2020 and 2021. 2. Acid-test (quick) ratio for fiscal years 2020 and 2021. 3. Inventory turnover for fiscal year 2021. 4. Return on assets for fiscal years 2020 and 2021 (Assume total assets were $1,675,840 at 3/31/19.) 5. Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year 2020 to 2021, 2020 2021 61 :1 Current ratio N Acid-test (quick) ratio 3. Inventory turnover times 4. Return on assets % se 5. Percent Changes Percent Increase Sales revenue % Cost of goods sold % Gross margin % 96 Net income after taxes