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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 Accounts receivable Inventory Prepaid

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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 Accounts receivable Inventory Prepaid expenses $ 130 $ 210 130 140 190 230 47 57 Total current assets $ 497 $ 637 Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 180 150 57 $ 180 77 47 Total current liabilities $ 387 $ 304 Sales on account during the year totaled $1,330 thousand. Cost of goods sold was $835 thousand Required: a. Compute the following working capital for Year 2.(Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.) Working capital b. Compute the following current ratio for Year 2. (Round your answer to 2 decimal places.) Current ratio c. Compute the following acid-test ratio for Year 2. (Round your answer to 2 decimal places.) Acid-test ratio d. Compute the following accounts receivable turnover for Year 2.(Round your answer to 2 decimal places.) Accounts receivable turnover e. Compute the following average collection period for Year 2.(Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 2 decimal place.) Average collection period f. Compute the following inventory turnover for Year 2.(Round your answer to 2 decimal places.) Inventory turnover g. Compute the following average sale period for Year 2. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 2 decimal place.) Average sale period

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