Assets

Current assets:

Cash

Marketable securities

Accounts receivable, net

Inventory

Prepaid expenses

Total current assets

Plant and equipment, net

Total assets

Liabilities and Stockholders' Equity

Liabilities:

Current liabilities

Note payable, $10\%$

Total liabilities

Stockholders $\text{'}$ equity:

Common stock, $$70$ par value

Retained earnings

Total stockholders' equity

Total liabilities and stockholders' equity

Lydex Company

The following financial data and ratios are typical of companies in Lydex Company's industry:

To assess the company's liquidity and asset management, compute the following for this year and last year:

a$.$ Working capital.

b$.$ The current ratio.

Note: Round your final answers to $2$ decimal places.

c$.$ The acid$-$test ratio.

Note: Round your final answers to $2$ decimal places.

d$.$ The average collection period. $($The accounts receivable at the beginning of last year totaled $$1,640,000.)$

Note: 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 $$2,000,000.)$

Note: Use $365$ days in a year. Round your intermediate calculations and final answers to $2$ decimal place.

f$.$ The operating cycle.

Note: 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 $$13,040,000.)$

Note: Round your final answers to $2$ decimal places.