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Excerpts from Candle Corporation's most recent balance sheet ( in thousands of dollars ) appear below: Sales on account during the year totaled $ 1

Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below:
Sales on account during the year totaled $1,400 thousand. Cost of goods sold was $1,000 thousand.
Required:
Compute the following for Year 2:
a. Working capital.
Note: Enter your answer in thousands of dollars, i.e.,100,000 should be entered as 100.
b. Current ratio.
Note: Round your answer to 2 decimal places.
c. Acid-test (quick) ratio.
Note: Round your answer to 2 decimal places.
c. Accounts receivable turnover.
Note: Round your answer to 2 decimal places.
e. Average collection period.
Note: 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.
Note: Round your answer to 2 decimal places.
g. Average sale period.
Note: 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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