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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 $ 180 $ 160 180 190 140 180 52 62 Total current assets $ 552 $ 592 Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 110 $ 110 100 82 62 52 Total current liabilities $ 2725244 Sales on account during the year totaled $1.380 thousand. Cost of goods sold was 8860 thousand. Required: a. Compute the following working capital for Year 2 (Enter your answer in thousands of dollars, i.e., 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 to 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 tumover e. Compute the following average collection 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 collection period Days 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. (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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