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Please help me with this question asap. thanks. 9 1.48 points 1. To assist in approaching the bank about the loan, Paul has asked you

Please help me with this question asap. thanks.

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9 1.48 points 1. 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. C. The acid-test ratio. d. The average collection period. (The accounts receivable at the beginning of last year totaled $410,000.) e. The average sale period. (The inventory at the beginning of last year totaled $660,000.) f. The operating cycle. g. The total asset turnover. (The total assets at the beginning of last year were $2,986,000.) h. The debt-to-equity ratio. 1. The times Interest earned ratio. J. The equity multiplier. (The total stockholders' equity at the beginning of last year totaled $1,806,000.) 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. eBook References Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B 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 $410,000.) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) e. The average sale period. (The inventory at the beginning of last year totaled $660,000.) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) f. The operating cycle. (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) g. The total asset turnover. (The total assets at the beginning of last year were $2,986,000.) (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 $1,806,000.) (Round your answers to 2 decimal places.) Show less A This Year Last Year b days days days days days a. Working capital Current ratio c. Acid-test ratio d. Average collection period e. Average sale period f. Operating cycle g. Total asset turnover h. Debt-to-equity ratio i. Times interest earned ratio j. Equity multiplier days Press F11 to exit full screen 9 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 $660,000 long-term loan from Gulfport State Bank, $180,000 of which will be used to bolster the Cash account and $480,000 of which will be used to modernize equipment. The company's financial statements for the two most recent years follow: 1.48 points Sabin Electronics Comparative Balance Sheet This Year Last Year eBook $ 128,000 References 685,000 1,105,000 34,000 1,952,000 2,061,000 $ 4,013,000 $ 310,000 13,000 460,000 755,000 38,000 1,576,000 1,450,000 $ 3,026,000 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 $ 880,000 750,000 1,630,000 460,000 750,000 1,210,000 850,000 1,533,000 2,383,000 $ 4,013,000 850,000 966,000 1,816,000 $ 3,026,000 Last Year $ 4,830,000 3,610,000 1,220,000 580,000 640,000 Sabin Electronics Comparative Income Statement and Reconciliation This Year Sales $ 5,800,000 Cost of goods sold 4,035,000 Gross margin 1,765,000 Selling and administrative expenses 685,000 M Net operating income 1,080,000 ga Interest expense 90,000 Net income before taxes 990,000 Income taxes (30%) 297,600 Net income 693,000 Common dividends 126,000 Net income retained 567,000 Beginning retained earnings 966,000 Ending retained earnings $ 1,533,000 90,000 550,000 165,000 385,000 105,000 280,000 686,000 966,000 $ 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

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