Excerpts from a copmany's most recent balance sheet (in thousands of dollars) appear below. Year 2...

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Excerpts from a copmany's most recent balance sheet (in thousands of dollars) appear below. Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current Habilities $172 $100 202 202 152 142 102 102 $628 $546 $212 $192 42 42 102 92 $356 $326 Sales on account during the year totaled $1,260 thousand. Cost of goods sold was $860 thousand. Required: Compute the following for Year 2 a Current ratio. (Round your answer to 2 decimal places.) b. Acid-test (quick) ratio. (Round your answer to 2 decimal places.) c. Accounts receivable turnover. (Round your answer to 2 decimal places.) d. Average collection period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) a Current ratio b. Acid-test ratio c Accounts receivable turnover d Average collection period days Excerpts from a copmany's most recent balance sheet (in thousands of dollars) appear below. Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current Habilities $172 $100 202 202 152 142 102 102 $628 $546 $212 $192 42 42 102 92 $356 $326 Sales on account during the year totaled $1,260 thousand. Cost of goods sold was $860 thousand. Required: Compute the following for Year 2 a Current ratio. (Round your answer to 2 decimal places.) b. Acid-test (quick) ratio. (Round your answer to 2 decimal places.) c. Accounts receivable turnover. (Round your answer to 2 decimal places.) d. Average collection period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) a Current ratio b. Acid-test ratio c Accounts receivable turnover d Average collection period days