Data from Gofman Corporation's most recent balance sheet appear below:

Current Assets	Year 2	Year 1
Cash	30.00	160.00
Accounts receivable	140.00	120.00
Inventory	240.00	200.00
Prepaid expenses	90.00	80.00
Total current assets	500.00	560.00
Total current liabilities	180.00	200.00

14. Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.

The working capital at the end of Year 2 is: A. $320 B. $500 C. $1,210 D. $1,070

15. Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.

The current ratio at the end of Year 2 is closest to: A. 0.32 B. 0.72 C. 2.78 D. 0.23

16. Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.

The acid-test ratio at the end of Year 2 is closest to: A. 1.39 B. 2.78 C. 1.44 D. 0.94

17. Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.

The average collection period for Year 2 is closest to: A. 0.9 days B. 39.3 days C. 36.5 days D. 1.2 days

18. Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.

The average sale period for Year 2 is closest to: A. 97.3 days B. 89.2 days C. 67.4 days D. 252.7 days