A34 through A40 are based upon the following data: Godil Corporation has provided the following financial data: Year 1 Balance Sheet December 31, Year 2 and Year! Assets Year 2 Current assets: Cash 243,000 Accounts receivable, net 123,000 Inventory 106,000 Prepaid expenses 41,000 Total current assets 513,000 Plant and equipment, net 663,000 Total assets 1,176,000 $ 180,000 120,000 110,000 50,000 460.000 700,000 $1,160,000 $ Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock, S2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 96,000 44,000 93,000 233.000 260,000 493,000 110,000 50,000 90.000 250,000 260,000 510,000 160,000 50,000 473,000 683,000 1,176,000 160,000 50,000 440,000 650,000 $ 1,160,000 $ Income Statement For the Year Ended December 31, Year 2 Sales (all on account) Cost of goods sold Gross margin Operating expenses Net operating income Interest expense Net income before taxes Income taxes (35%) Net income S 1,360,000 800,000 560,000 482.077 77.923 21.000 56,923 19.923 37.000 Required: A34. What is the company's working capital at the end of Year 2? A35. What is the company's current ratio at the end of Year 2? A36. What is the company's accounts receivable turnover for Year 2? A37. What is the company's average collection period for Year 2? A38. What is the company's inventory turnover for Year 2? A39. What is the company's average sale period for Year 2? A40. What is the company's operating cycle for Year 2