Sarasota 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 Sarasota and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On June 10, 2026, Daniel Brown approached the Topeka National Bank, asking for a 24-month extension on two $34,970 notes, which are due on June 30, 2026, and September 30, 2026. Another note of $5,970 is due on March 31, 2027, but he expects no difficulty in paying this note on its due date. Brown explained that Sarasotas cash flow problems are due primarily to the companys desire to finance a $300,080 plant expansion over the next 2 fiscal years through internally generated funds. The notes payable due at march 31, 2025 are due prior to March 31, 2026. The commercial loan officer of Topeka National Bank requested the following financial reports for the last 2 fiscal years.

Sarasota Corporation Balance Sheet March 31
Assets		2026		2025
Cash		$18,120		$12,410
Notes receivable		147,220		132,930
Accounts receivable (net)		130,790		124,530
Inventories (at cost)		104,940		49,570
Plant & equipment (net of depreciation)		1,446,500		1,416,510
Total assets		$1,847,570		$1,735,950
Liabilities and Stockholders Equity
Accounts payable		$79,360		$90,220
Notes payable		75,910		61,040
Accrued liabilities		8,250		5,672
Common stock (130,000 shares, $10 par)		1,296,650		1,292,800
Retained earningsa		387,400		286,218
Total liabilities and stockholders equity		$1,847,570		$1,735,950
aCash, dividends were paid at the rate of $1 per share in fiscal year 2025 and $2 per share in fiscal year 2026.

Sarasota Corporation Income Statement For the Fiscal Years Ended March 31

2026

2025

Sales revenue

$2,994,540

$2,716,340

Cost of goods sold^a

1,536,450

1,415,660

Gross margin

1,458,090

1,300,680

Operating expenses

856,120

784,640

Income before income taxes

601,970

516,040

Income taxes (40%)

240,788

206,416

Net income

$361,182

$309,624

^aDepreciation charges on the plant and equipment of $99,960 and $101,650 for fiscal years ended March 31, 2025 and 2026, respectively, are included in cost of goods sold.

(a) Compute the following items for Sarasota Corporation. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) I only need help with 3, 4, and 5. Thank you! Please include working math so I can learn this a bit better.

1.
2.
3.		Inventory turnover for fiscal year 2026.
4.		Return on assets for fiscal years 2025 and 2026. (Assume total assets were $1,705,230 at 3/31/24.)
5.		Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year 2025 to 2026.

3.		Inventory turnover		??	times
4.		Return on assets		enter Return on assets in percentages 2026	%		enter Return on assets in percentages 2025	%

5.		Percent Changes		Percent Increase
		Sales revenue
		Cost of goods sold
		Gross margin
		Net income