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Excerpts from Candle Corporation's most recent balance sheet ( in thousands of dollars ) appear below: Year 2 Year 1 Current assets: Cash $ 1

Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below:
Year 2 Year 1
Current assets:
Cash $ 186 $ 100
Accounts receivable, net 216216
Inventory 166156
Prepaid expenses 116116
Total current assets $ 684 $ 588
Current liabilities:
Accounts payable $ 226 $ 206
Accrued liabilities 5656
Notes payable, short term 116106
Total current liabilities $ 398 $ 368
Sales on account during the year totaled $1,330 thousand. Cost of goods sold was $930 thousand.
Required:
Compute the following for Year 2:
a. Working capital. (Enter your answer in thousands of dollars, i.e.,100,000 should be entered as 100.)
b. Current ratio. (Round your answer to 2 decimal places.)
c. Acid-test (quick) ratio. (Round your answer to 2 decimal places.)
d. Accounts receivable turnover. (Round your answer to 2 decimal places.)
e. 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.)
f. Inventory turnover. (Round your answer to 2 decimal places.)
g. Average sale period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.)

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