on two $34,670 notes, which are due on June 30, 2018, and due on that Grouper's cash flow problems are due primanily to the 18,180 $12,440 124,750 132,900 1,424,200 25,330 20 25,330 1,291,360 390,270 $1,861,600 13,560 1,293,410 283,880 $1,744,530 Common stock (130,000 shares, $10 par) Retained earnings Total liabilities and stockholders' equity Cash dividends were paid at the rate of $1 per share in fiscal year 2017 and $2 per share in fiscal year 2018. GROUPER CORPORATION INCOME STATEMENT FOR THE FISCAL YEARS ENDED MARCH 31 Study 2018 2017 $2,698,790 1,427,070 1,271,720 774,740 496,980 198,792 $298,188 $3,007,890 1,522,830 1,485,060 864,640 620,420 248,168 $372,252 Cost of goods sold Gross margin Operating expenses Income before income taxes Income taxes (40%) Net income | on charges on the plant and equipment of $99,810 and $102,630 for fiscal years ended March 31, 2017 and 2018, ly, are included in cost of goods sold. MacBook Pro Round answer to 2 decimal place 225a (1) Current ratio for fiscal years 2017 and 2018 (2) Acid-test (quick) ratio for fiscal years 2017 and 2018 (3) Inventory turnover for fiscal year 2018 on assets for fiscal years 2017 and 2018. (Assumd total assets were $1,683,720 at 3/31/16.) 2018 (2) Acid-test (quick) ratio (4) Return on assets Cost of goods sold MacBook Pro