G9 L016-6 You have jist been hired as a finusial anabst for Lydex Compang, a mamefacture of safety heletes. Your boss las asked you to Veiform a comprehensive analysis of the compary's finatcial statements, inctuding compaitg Lyder's performance to its major competitors. The compary's flaascial statersents for the last two years ae as followx: To berin sour assignment you pather the followiae fiancial data and ratios that are typical of cocapanies in Lyder Conpaay indastry: 3. You decide, finally, to assess the company's liquidity and asset managemient. For both this year and last year, compute: a. Working capital. b. The current ratio. c. The acid-test ratio. d. The average collection period. (The accounts receivable at the beginning of last year totaled $1.560.000.) e. The average sale period. (The inventory at the beginning of last year totaled $1,920,000.) f. The operating cycle. g. The total asset turnover. (The total assets at the beginning of last year totaled $12.960.000.) 4. Prepare a brief memo that summarizes how Lydex is performing relative to its competitors