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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: $198 $100 Cash Accounts receivable,

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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: $198 $100 Cash Accounts receivable, net Inventory Prepaid expenses 228 228 178 168 128 128 $732 $624 Total current assets Current liabilities: Accounts payable Accrued liabilities $238 $218 68 68 128 118 Notes payable, short term $434 $404 Total current liabilities Sales on account during the year totaled $1,390 thousand. Cost of goods sold was $990 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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