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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 $ 320 320 200 $ 180 330 200 76 66 Total current assets $ 906 $ 786 Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 250 $ 250 160 96 76 66 Total current liabilities $ 486 $ 412 Sales on account during the year totaled $1,500 thousand Cost of goods sold was $920 thousand a. Compute the following working capital for Year 2.Enter your answer in thousands of dollars, ie, 100,000 should be entered as 100.) 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 Compute the following convaleurver for your d your to decimal e. Compute the following average collection period for Year 2. (Una 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answer to 2 decimal places) Days E. Computer the following inventory turnover for Year 2 (Round your answer to 2 decimal places.) Inwentary 9. 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 places) Average sale period Days

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