3. You decide, finally, to assess the companys liquidity and asset management. For both this year and last year, compute:

a. Working capital.

b. The current ratio. (Round your final answers to 2 decimal places.)

c. The acid-test ratio. (Round your final answers to 2 decimal places.)

d. The average collection period. (The accounts receivable at the beginning of last year totaled $1,720,000.) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.)

e. The average sale period. (The inventory at the beginning of last year totaled $2,080,000.) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.)

f. The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.)

g. The total asset turnover. (The total assets at the beginning of last year totaled $13,120,000.) (Round your final answers to 2 decimal places.)

Requlred Information [The following infommetion applies to the questions displayed below.] You hive Just been hired ss s finsncial onslyst for lydex Compony, msnufscturer of zsfety helmetz. Your boss hes esked you to perform comprehenalve anslysis of the compsny's fingncial ststementz, inci'uling compsrling Lydex's performence to its msjor compettors. The compony's finsncial statements for the last two yeers are es follows: To begin your ssighment you gsther the following finsncil dsts snd ratios thet sre typlcsl of compenies in Lysex Compony's industry