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Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Sales on account during the year totaled $1,340 thousand. Cost of

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Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Sales on account during the year totaled $1,340 thousand. Cost of goods sold was $940 thousand. Required: Compute the following for Year 2: a. Working capital. (Enter your answer in thousands of dollars, l.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 recelyable 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 place answer to 1 decimal ploce.) f. Inventory turnover, (Round your answer to 2 decimal places.) 9. Average sale period. (Use 365 days in a yeor. Round your intermediate calculations to 2 decimals places and to 1 decimal place.) Required: Compute the following for Year 2 : a. Working capital. (Enter your answer in thousands of dollars, l.e., 100,000 should be entered as 100.) b. Current ratio. (Round your onswer to 2 decimal places.) c. Acid-test (quick) ratio. (Round your onswer to 2 decimol ploces.) d. Accounts receivable turnover, (Round your onswer to 2 decimal ploces.) e. Average collection period. (Use 365 days in o year. Round your intermediote calculations to 2 decimals places and your final onswer to 1 decimol ploce.) 1. Inventory turnover. (Round your onswer to 2 decimal places.) g. Average sale period. (Use 365 doys in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal ploce.)

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