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Would you please explain how I am supposed to get the answers to these questions? Windsor Corporation was formed 5 years ago through a public

Would you please explain how I am supposed to get the answers to these questions?

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Windsor 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 Windsor 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 $34,750 notes, which are due on June 30, 2021, and September 30, 2021. Another note of $5,990 is due on March 31, 2022, but he expects no difficulty in paying this note on its due date. Brown explained that Windsor's cash flow problems are due primarily to the company's desire to finance a $299,300 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. The commercial loan officer of Topeka National Bank requested the following financial reports for the last 2 fiscal years. Windsor Corporation Balance Sheet March 31 Assets Cash Notes receivable Accounts receivable (net) Inventories (at cost) Plant & equipment (net of depreciation) Total assets 2021 $18,270 148,780 131,230 104,200 1,452,000 $1,854,480 2020 $12,430 130,950 125,720 49,640 1,431,290 $1,750,030 Liabilities and Owners' Equity Accounts payable Notes payable Accrued liabilities Common stock (130,000 shares, $10 par) Retained earnings Total liabilities and stockholders' equity $78,690 75,490 6,130 1,307,580 386,590 $1,854,480 $91,120 61,750 19,930 1,296,530 280,700 $1,750,030 *Cash dividends were paid at the rate of $1 per share in fiscal year 2020 and $2 per share in fiscal year 2021. Sales revenue Cost of goods solda Gross margin Operating expenses Income before income taxes Income taxes (40%) Net income Windsor Corporation Income Statement For the Fiscal Years Ended March 31 2021 $3,010,800 1,535,270 1,475,530 856,650 618,880 247,552 $371,328 2020 $2,721,120 1,423,060 1,298,060 783,860 514,200 205,680 $308,520 Depreciation charges on the plant and equipment of $100,510 and $101,910 for fiscal years ended March 31, 2020 and 2021, respectively, are included in cost of goods sold. (a) 2. Compute the following items for Windsor Corporation. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) Current ratio for fiscal years 2020 and 2021. Acid-test (quick) ratio for fiscal years 2020 and 2021. 3. Inventory turnover for fiscal year 2021. Return on assets for fiscal years 2020 and 2021. (Assume total assets were $1,672,570 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. 4. 2020 2021 1. Current ratio :1 2. Acid-test (quick) ratio :1 :1 3. Inventory turnover times 4. Return on assets % % 5. Percent Increase Percent Changes Sales revenue Cost of goods sold % % Gross margin % Net income after taxes % Click if you would like to Show Work for this question: Open Show Work

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