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3. You decide, finally, to assess the company's liquidity and asset management. For both this year and last year, compute: B. Working capital. b. The

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3. You decide, finally, to assess the company's liquidity and asset management. For both this year and last year, compute: B. 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 iast year totaled $1,700,000 ) (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 $2,060,000 ) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) t. The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.) 9. The total asset turnover. (The total assets at the beginning of tast year totaled $13,100,000 ) (Round your final answers to 2 decimal places.) 3. You decide, finally, to assess the company's liquidity and asset management. For both this year and last year, compute: B. 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 iast year totaled $1,700,000 ) (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 $2,060,000 ) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) t. The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.) 9. The total asset turnover. (The total assets at the beginning of tast year totaled $13,100,000 ) (Round your final answers to 2 decimal places.)

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