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performance to its major competitors. The company's financial statements for the last two years are as follows: To begin your assignment you gother the following financial data and ratios that are typical of companies in Lydex Company's industry? 3. You decide, finally, to assess the company's liquidity and asset management. For both this year and last year, compute: a. Working capital: b. The current ratio (Round your final answers to 2 decimal places.) C. The acid-test ratio. (Round your final answers to 2 decimal places.) d. The average collection period. (The accounts recelvable at the beginning of last year totaled $1,620,000 ) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) e. The average sale period. (The inventory at the beginning of last year totaled $1,980,000 ) (Use 365 days in a year. Round your intermedlate catcutations and finat answers to 2 decimal place.) 1. The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.) 9. The total asset turnover. (The total assets at the beginning of last year totaled $13,020,000 ) (Round your final answers to 2 decimal places.) \begin{tabular}{|c|c|c|c|c|} \hline & This Year & & Last Year & \\ \hline a. Working capital & 3,250,000 & & 2,360,000 & \\ \hline b. The current ratio & 1.82 & & 1.82 & \\ \hline c. The acid-test ratio & & & & \\ \hline d. The average collection period & & days & & days \\ \hline e. The average sale period & & days & & days \\ \hline f. The operating cycle & & days & & days \\ \hline g. The total asset turnover & - & r & & \\ \hline \end{tabular}