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please round all answers to 2 decimal places. thank you Culver Corporation was formed 5 years ago through a public subncription of common stoek. Dariel

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Culver Corporation was formed 5 years ago through a public subncription of common stoek. Dariel Beown. wio owns 15% of the common stocki was one of the organiters of Culver and is its current preibent, The company has been successful, but it currently is experiencing a shortage of fund On fune 10, 2021, Dantel Brown approached the Topeka National Bank, askinefor a24-monthestemilon on two $35.010notes which are due on June 30, 2021, and 5eptember 30, 2021 Another note of 55.990 is diene on March 31, 2022, but he cepects no difficulty in paying this note on its due date. Brown explained that Culver's sash flow problems are due peimurily to the company's desire to finance a $299,860 plant expansion over the next 2 fincal years through linternally. generated funds The commercial loan officer of Topeka National Eankrequested the following firuncial reports for the last 2 fiscal years a Cash dividends were paid at the rate of $1 per share in fiscal year 2020 and $2 per share in fiscal year 2021. "Depreciation charges on the plant and cquipment of $99,140 and $102.590 for fiscal vears ended March 31 . 2020 and 2021, respectively, are included in cost of goods sold. (a) Compute the foliowing items for Culver Corporation. (Round anwers to 2 decimal ploces. es. 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 $1,693,770 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. Compute the following items for Culver Corporation. (Round answers to 2 decimal ploces, 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 \$1,693,770 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

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