Splish 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 Splish and is its current president. The company has been successful, but it currently is

experiencing a shortage of funds. On June $10,2021,$ Daniel Brown approached the Topeka National Bank, asking for a $24-$month

extension on two $$34,660$ notes, which are due on June $30,2021,$ and September $30,2021.$ Another note of $$6,010$ is due on March

$31,2022,$ but he expects no difficulty in paying this note on its due date. Brown explained that Splish's cash flow problems are due

primarily to the company's desire to finance a $$298,840$ plant expansion over the next $2$ fiscal years through internally generated

funds.

The commercial loan officer of Topeka National Bank requested the following financial reports for the last $2$ fiscal years. "Depreciation charges on the plant and equipment of $$99,760$ and $$103,150$ for fiscal years ended March $31,2020$ and $2021,$

respectively, are included in cost of goods sold. $($a$)$

Compute the following items for Splish Corporation. $($Round answers to $2$ decimal places, e$.$g$.2\mathrm{.}25$ or $2\mathrm{.}25\%.)$

Current ratio for fiscal years $2020$ and $2021.$

Acid$-$test $($quick$)$ ratio for fiscal years $2020$ and $2021.$

Inventory turnover for fiscal year $2021.$

Return on assets for fiscal years $2020$ and $2021.($Assume total assets were $$1,679,620$ at $\frac{3}{31}\frac{?}{19}.)$

Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year $2020$ to $2021.$

Current ratio

Acid$-$test $($quick$)$ ratio

Inventory turnover

times

Return on assets

$\%$

$\%$

Percent Changes

Percent Increase

Sales revenue

$\%$

Cost of goods sold

$\%$

Gross margin

$\%$

Net income after taxes

$\%$Buffalo Corporation was formed $5$ years ago through a public subscription of common stock. Daniel Brown, who owns $15$