This assignment will use the balance sheet and income statement provided in the financial statement linked in the Supporting Materials section. Use the financial statements to address the rubric criteria. Remember to provide citations for the Financial Decisions and Factors section.

Specifically, you must address the following rubric criteria:

Calculations

Calculate the current ratio for fiscal years $2025$ and $2026.$

Calculate the acid test $($quick ratio$)$ for fiscal years $2025$ and $2026.$

Calculate the inventory turnover for the fiscal year $2026.$

Calculate the return on assets for fiscal years $2025$ and $2026.($Assume that total assets were $$1,688,500$ at $3/31/24.)$