Marcell Company Income Statement For the Year Ended December 31, Year 2 (dollars in thousands) + Sales (All on Account) $2.550 Cost of Goods Sold $1,780 Gross Margin $ 770 Operating Expenses $ 300 Net Operating Income $ 470 Interest Expense $ 50 Net Income before Taxes $ 420 Income Taxes (30%) $ 126 Net Income 294 A. What was Marcell Company's working capital (in thousands of dollars) at the end of Year 2? B. What was Marcell Company's current ratio at the end of Year 2? C. What was Marcell Company's acid-test (quick) ratio at the end of Year 2? D. What was Marcell Company's accounts receivable turnover for Year 2? E. What was Marcell Company's average collection period (age of receivables) for Year 2?Financial statements for Marcell Company appear below: Marcell Company Statement of Financial Position December 31, Year 2 and Year 1 (dollars in thousands) Year 2 Year 1 Current Assets: Cash and Marketable Securities $ 160 $ 150 Accounts Receivable, Net $ 110 $ 110 Inventory $ 180 $ 180 Prepaid Expenses $ 20 $ Total Current Assets $ 470 $ 460 Noncurrent Assets: Plant & Equipment, Net $1,700 $1,680 Total Assets $2.170 $2,140 Current Liabilities: Accounts Payable $ 110 $ 150 Accrued Liabilities 60 $ 60 Notes Payable, Short Term 280 $ 290 Total Current Liabilities $ 450 $ 500 Noncurrent Liabilities: Bonds Payable 480 $ 500 Total Liabilities 930 $1,000 Shareholders' Equity: Preferred Shares, $10 Par, 8% $ 100 $ 100 Common Shares, $5 Par $ 140 $ 140 Additional Paid-In Capital-Common Shares $ 280 $ 280 Retained Earnings $ 620 Total Shareholders' Equity $ 240 $1.140 Total Liabilities & Shareholders' Equity $2.170 $2.140