Please help me with this accounting question. I know its long but even partial answers would me extremely appreciated!

2. For both this year and last year: a. Present the balance sheet in common-size format. b. Present the income statement in common-size format down through net income. Present the balance sheet in common-size format. (Round your answers to 1 decimal place.) Current assets: Cash Marketable securities o\\ o\\ Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net o\\ o\\ Total assets Liabilities and Stockholders' Equity Liabilities: o\\ o\\ Current liabilities Bonds payable, 12% Total liabilities Stockholders' equity: Common stock, $15 par Retained earnings Total stockholders' equity Total liabilities and equity O O \\ O Ill-I-Illl-II-Il-lllll \\ Problem 15-18 Common-Size Statements and Financial Ratios for a Loan Application [LO15-1, LO15-2, LO153, L015-4] Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $570,000 long-term loan from Gulfport State Bank, $135,000 of which will be used to bolster the Cash account and $435,000 of which will be used to modernize equipment. The company's financial statements for the two most recent years follow: Sabin Electronics Comparative Balance Sheet Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders Equity Liabilities: Current liabilities Bonds payable, 12% Total liabilities Stockholders' equity: Common stock, $15 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity This Year 8 98,000 0 568,000 1,015,000 26,000 1,707,000 1,686,200 $ 3,393,200 $ 835,000 600,000 1,435,000 760,000 1,198,200 1,958,200 $ 3,393,200 Last Year 8 220,000 25,000 370,000 665,000 29,000 1,309,000 1,400,000 $ 2,709,000 $ 500,000 600,000 1,100,000 760,000 849,000 1,609,000 $ 2,709,000 ' Sabin Electronics Comparative Income Statement and Reconciliation This Year Last Year Sales $ 5,350,000 $ 4,560,000 Cost of goods sold 3,945,000 3,520,000 Gross margin 1,405,000 1,040,000 Selling and administrative expenses 667,000 562,000 Net operating income 738,000 478,000 Interest expense 72,000 72,000 Net income before taxes 666,000 406,000 Income taxes (30%) 199,800 121,800 Net income 466,200 284,200 Common dividends 117,000 96,000 Net income retained 349,200 188,200 Beginning retained earnings 849,000 660,800 Ending retained earnings $ 1,198,200 $ 849,000 [ During the past year, the company introduced several new product lines and raised the selling prices on a number of old product lines in order to improve its profit margin. The company also hired a new sales manager, who has expanded sales into several new territories. Sales terms are 3/10, n/30. All sales are on account. To assist in approaching the bank about the loan, Paul has asked you to compute the following ratios for both this year and last year: a. The amount of working capital. b. The current ratio. (Round your answers to 2 decimal places.) c. The acid-test ratio. (Round your answers to 2 decimal places.) d. The average collection period. (The accounts receivable at the beginning of last year totaled $320,000.) (Round your intermediate calculations and final answers to 2 decimal place. Use 365 days in a year.) e. The average sale period. (The inventory at the beginning of last year totaled $570,000.) (Round your intermediate calculations and final answers to 2 decimal place. Use 365 days in a year.) f. The operating cycle. (Round your intermediate calculations and nal answers to 2 decimal place. Use 365 days in a year.) 9. The total asset turnover. (The total assets at the beginning of last year were $2,630,000.) (Round your answers to 2 decimal places.) h. The debt-to-equity ratio. (Round your answers to 2 decimal places.) i. The times interest earned ratio. (Round your answers to 2 decimal places.) j. The equity multiplier. (The total stockholders' equity at the beginning of last year totaled $1,599,000.) (Round your answers to 2 decimal places.) \fPresent the income statement in common-size format down through net income. (Round your answers to 1 decimal place.) Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes lnoome taxes Net income