16. Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2 Year 1 Current assets: Cash $ 320 $ 180 Accounts receivable 360 370 Inventory 240 200 Prepaid expenses 70 80 Total current assets $ 990 $ 830 Current liabilities: Accounts payable $ 290 $ 290 Accrued liabilities 200 97 Notes payable, short term 80 70 Total current liabilities $ 570 $ 457 Sales on account during the year totaled $1,540 thousand. Cost of goods sold was $940 thousand. Required: a. Compute the following working capital for Year 2.(Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.) b. Compute the following current ratio for Year 2. (Round your answer to 2 decimal places.) c. Compute the following acid-test ratio for Year 2. (Round your answer to 2 decimal places.) d. Compute the following accounts receivable turnover for Year 2.(Round your answer to 2 decimal places.) e. Compute the following average collection period for Year 2.(Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 2 decimal place.) f. Compute the following inventory turnover for Year 2.(Round your answer to 2 decimal places.) g. Compute the following average sale period for Year 2. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 2 decimal place.)