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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 $ 280 $ 140 280 290 160 160 62 72 Total current assets $ 782 $ 662 Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 210 120 72 $ 210 92 62 Total current liabilities $ 402 $ 364 Sales on account during the year totaled $1,460 thousand. Cost of goods sold was $900 thousand. Required: a. Compute the following working capital for Year 2. (Enter your answer in thousands of dollars, I..., 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 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 turnovo 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 places.) Average collection period Days 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. (Uso 365 days in a year. Round your Intermediate calculations to 2 decimals places and your final answer to 2 decimal places.) Average sale period Days

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