Required: Required $1$

Required $2$A

Required $2$B

Present the balance sheet in common$-$size format for both this year and last year.

Note: Round your answers to $1$ decimal place.

$\backslash$table$[[$Sabin Electronics$],[$Common$-$Size Balance Sheets$],[,$This Year,Last Year$],[$Assets$],[$Current assets:$],[$Cash$,2\mathrm{.}7,\%,7\mathrm{.}2,\%],[$Marketable securities$,0\mathrm{.}0,,,],[$Accounts receivable, net$],[$Inventory$],[$Prepaid expenses$],[$Total current assets,$2\mathrm{.}7,,7\mathrm{.}2,],[$Plant and equipment, net$],[$Total assets,$2\mathrm{.}7,\%,7\mathrm{.}2,\%],[$Liabilities and Stockholders' Equity$],[$Liabilities:$],[$Current liabilities,,$\%,,\%],[$Bonds payable, $12\%],[$Total liabilities,$0\mathrm{.}0,,0\mathrm{.}0,],[$Stockholders$\text{'}$ equity:$],[$Common stock, $$15$ par$],[$Retained earnings$],[$Total stockholders' equity,$0\mathrm{.}0,,0\mathrm{.}0,],[$Total liabilities and equity,$0\mathrm{.}0,|\%|,,0\mathrm{.}0,\%]]$ To assist in approaching the bank about the loan, Paul asked you to compute the following ratios for both this year and last

year:

a$.$ The amount of working capital.

b$.$ The current ratio.

Note: Round your answers to $2$ decimal places.

c$.$ The acid$-$test ratio.

Note: Round your answers to $2$ decimal places.

d$.$ The average collection period. $($The accounts receivable at the beginning of last year totaled $$290,000.)$

Note: Round your intermediate calculations and final answers to $2$ decimal place. Use $365$ days in a year.

e$.$ The average sale period. $($The inventory at the beginning of last year totaled $$540,000.)$

Note: Round your intermediate calculations and final answers to $2$ decimal place. Use $365$ days in a year.

f$.$ The operating cycle.

Note: Round your intermediate calculations and final answers to $2$ decimal place. Use $365$ days in a year.

g $.$ The total asset turnover. $($The total assets at the beginning of last year were $$2,540,000.)$

Note: Round your answers to $2$ decimal places.

h$.$ The debt$-$to$-$equity ratio.

Note: Round your answers to $2$ decimal places.

i$.$ The times interest earned ratio.

Note: Round your answers to $2$ decimal places.

j$.$ The equity multiplier. $($The total stockholders' equity at the beginning of last year totaled $$1,343,000.)$

Note: Round your answers to $2$ decimal places. Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$ A

Required $2$B

Present the income statement in common$-$size format down through net income for both this year and last year.

Note: Round your answers to $1$ decimal place.

$\backslash$table$[[$Sabin Electronics$],[$Common$-$Size Income Statements$],[,$This Year,,Last Year,$],[$Sales$,100\mathrm{.}0,\%,100\mathrm{.}0,\%],[$Cost of goods sold$],[$Gross margin,$100\mathrm{.}0,,100\mathrm{.}0,],[$Selling and administrative expenses$],[$Net operating income,$100\mathrm{.}0,,100\mathrm{.}0,],[$Interest expense$],[$Net income before taxes,$100\mathrm{.}0,,100\mathrm{.}0,],[$Income taxes$],[$Net income,$100\mathrm{.}0,\%,100\mathrm{.}0,\%]]$

To assist in approaching the bank about the loan, Paul asked you to compute the following ratios for both this year and last year:

The amount of working capital.

The current ratio.

The acid$-$test ratio.

The average collection period. $($The accounts receivable at the beginning of last year totaled $$290,000.)$

The average sale period. $($The inventory at the beginning of last year totaled $$540,000.)$

The operating cycle.

The total asset turnover. $($The total assets at the beginning of last year were $$2,540,000.)$

The debt$-$to$-$equity ratio.

The times interest earned ratio.

The equity multiplier. $($The total stockholders$$ equity at the beginning of last year totaled $$1,343,000.)$

For both this year and last year:

Present the balance sheet in common$-$size format for both this year and last year.

Present the income statement in common$-$size format down through net income for both this year and last year.