Financial statements for Concord Company appear below: (14 marks)

	Concord Company Statement of Financial Position December 31, Year 2 and Year 1 (dollars in thousands)
	Year 2	Year 1
Cash	$45	$30
Accounts receivable, net	$38	$40
Inventory	$67	$60
Long term investments	$162	$150
Land	$128	$100
Building	98	50
Total Assets	$538	$430
Accounts Payable	$36	$40
Notes Payable, Short Term	$24	$30
Bonds Payable	$35	$50
Mortgage payable	$100	-0-
Preferred Shares, 12%	$100	$100
Common Shares	195	$170
Retained Earnings	$48	$40
Total Liabilities & Shareholders' Equity	$538	$430

	Concord Company Income Statement For the Year Ended December 31, Year 2 (dollars in thousands)
Sales (All on Account)	$145
Costs of Goods Sold	$74
Gross Margin	$71
Operating Expenses (including interest expense of $5,000)	$16
Net Income before Taxes	$55
Income Taxes (40%)	$22
Net Income	$33

Total dividends paid during the year were $25,000, of which $12,000 was paid to the preferred shareholders. Required: Calculate the following for Year 2:

a) Current ratio. b) Acid-test (quick) ratio. c) Average collection period (age of receivables). d) Inventory turnover. e) Return on total assets. f) Times interest earned. g) Debt-to-equity ratio.