Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Sales on account during the year totaled $1,200 thousand. Cost of goods sold was $800 thousand. Required: Compute the following for Year 2 : a. Working capital. b. Current ratio. c. Acid-test (quick) ratio. d. Accounts receivable tumover. e. Average collection period. f. Inventory turnover. g. Average sale period. Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Sales on account during the year totaled $1,200 thousand. Cost of goods sold was $800 thousand. Required: Compute the following for Year 2 : a. Working capital. b. Current ratio. c. Acid-test (quick) ratio. d. Accounts receivable tumover. e. Average collection period. f. Inventory turnover. g. Average sale period