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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 $ 250 $ 110

Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below:

Year 2 Year 1
Current assets:
Cash $ 250 $ 110
Accounts receivable 250 260
Inventory 130 130
Prepaid expenses 59 69

Total current assets $ 689 $ 569

Current liabilities:
Accounts payable $ 180 $ 180
Accrued liabilities 90 89
Notes payable, short term 69 59

Total current liabilities $ 339 $ 328

Sales on account during the year totaled $1,570 thousand. Cost of goods sold was $955 thousand.

f. Compute the following inventory turnover for Year 2.(Round your answer to 2 decimal places.)

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.)

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