home / study / business / accounting / questions and answers / selected data for sticks design are given as ... Question: Selected data for Sticks Design are given as of... Selected data for Sticks Design are given as of December 31, Year 1 and Year 2 (rounded to the nearest hundredth). Year 2 Year 1 Net Credit Sales $25,000 $30,000 Cost of Goods Sold 16,000 18,000 Net Income 2,000 2,800 Cash 5,000 900 Accounts Receivable 3,000 2,000 Inventory 2,000 3,600 Current Liabilities 6,000 5,000 Compute the following: 1. Current ratio for Year 2 2. Acid-test ratio for Year 2 3. Accounts receivable turnover for Year 2 4. Average collection period for Year 2 5. Inventory turnover for Year 2