Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2 Year 1 $164 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities 194 144 94 $596 $100 194 134 94 $522 $294 34 94 $332 $184 34 84 $302 Sales on account during the year totaled $1,220 thousand. Cost of goods sold was $820 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.) a. Working capital b. Current ratio c. Acid-test ratio Total current liabilities $332 3302 Sales on account during the year totaled S1220 thousand Cost of goods sold was $820 thousand Required: Compute the following for Year 2 Working capital (Enter your answer in thousands of dollars, ie. 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 yeat. Round your intermediate calculations to 2 decimals pleces and your final answer to 1 decimal place) 1 Inventory turnover (Round your answer to 2 decimal places) 4. 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.) Working capital Current Add test ratio d Accounts receivable turnover Average collection period Inventory turnover orage sale period days days