Lundberg Corporation's most recent balance sheet and income statement appear belo Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year1 Asset Current assets: Cash Accounts receivable Inventory Prepaid expenses $ 190 $ 200 310 190 20 300 200 20 710 981 720 Total current assets Plant and equipment, net $1,691 $1,681 Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 250 $ 240 140 200 140 190 Total current liabilities Bonds payable 580 280 580 330 860 910 Total liabilities Stockholders' equity: Preferred stock, $100 par value, 10% Common stock, $1 par value Additional paid-in capital--common stock Retained earnings 290 100 110 331 290 100 110 280 831 780 Total stockholders' equity $1,691 $1,690 Total liabilities and stockholders' equity Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) Cost of goods sold $1,420 859 Gross margin Selling and administrative expenses 561 350 Net operating income Interest expense 211 40 Net income before taxes Income taxes (30%) 51 Net income $ 120 m. Compute the average collection period for Year 2. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to one decimal place.) Average collection period 78.3 & days n. Compute the inventory turnover for Year 2. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Inventory turnover 4.41 o. Compute the average sale period for Year 2. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 1 decimal place.) Average sale period 82.8 days p. Compute the times interest earned for Year 2. (Round your answer to 2 decimal places.) Times interest earned 5.28 q. Compute the debt-to-equity ratio for Year 2. (Round your answer to 2 decimal places.) Debt-to-equity ratio 1.17