Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Current liabilities: Accounts payable. Accrued liabilities Notes payable, short term Year 2 Year 1 $ 176 $ 100 206 206 156 146 106 106 $ 644 $ 558 $ 216 46 106 $ 196 46 96 $ 368 $ 338 Total current liabilities Sales on account during the year totaled $1,280 thousand. Cost of goods sold was $880 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.) a. Average sale period. (Use 365 days in a vear. Round your intermediate calculations to 2 decimals places and your final 16 < Prev 3 of 11 Next > dtv 20