the wrong ones please

Your answer is partially correct. Carla 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 Carla 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 $ 35,220 notes, which are due on June 30, 2021, and September 30, 2021. Another note of $ 5,940 is due on March 31,2022, but he expects no difficulty in paying this note on its due date. Brown explained that Carla's cash flow problems are due primarily to the company's desire to finance a $ 297,590 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. Carla Corporation Balance Sheet March 31 Assets 2021 2020 Cash $ 18,160 $12.430 Notes receivable 148,880 132,070 132.650 126,320 103,950 50,330 Accounts receivable (net) Inventories (at cost) Plant & equipment (net of depreciation) Total assets 1.453.730 1.407,520 $1,857,370 $ 1.728,670 Liabilities and Owners' Equity Accounts payable $ 79,000 $ 91,850 Notes payable 76,380 61.680 Accrued liabilities 24.450 5.430 1,293,340 1,287,570 Common stock (130,000 shares, $10 par) Retained earnings 384,200 282,140 Total liabilities and stockholders' equity $ 1,857,370 $ 1.728,670 Cash dividends were paid at the rate of $i per share in fiscal year 2020 and $2 per share in fiscal year 2021 Carla Corporation Income Statement For the Fiscal Years Ended March 31 2021 2020 Sales revenue $2.976,520 $2.716,450 1.528.250 1,412.290 Cost of goods sold Gross margin 1.448,270 1,304,160 Operating expenses 855,760 787.450 Income before income taxes 592.510 516.710 Income taxes (40%) 237,004 206,684 Net income $ 355,506 $310,026 "Depreciation charges on the plant and equipment of $ 100,100 and $ 102,740 for fiscal years ended March 31, 2020 and 2021, respectively, are included in cost of goods sold. (a) Compute the following items for Carla Corporation (Round answers to 2 decimal places, e.. 2.25 or 2.25%) 1. 2 3. 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 $ 1,694,290 at 3/31/19) Percentage change in sales, cost of goods sold, gross margin and net income after taxes from fiscal year 2020 to 2021 4. 5. 2020 2021 1. Current ratio 2002 :1 :1 2. Acid-test (quick) ratio 1.70 :1 1.67 1 3. Inventory turnover 19.81 times 4. Return on assets 17.29 % 19.83 % 5. Percent Changes Percent Increase Sales revenue 9.57 % % Cost of goods sold 8.64 % Gross margin 1105 % Net income after taxes %