Platinum Corporation belongs to the rubber tire trading industry. Its most recent balance sheet and income statement appear below:

	Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars)
		Year 2	Year 1
	Assets
	Current assets:
	Cash....................................................................	$ 30	$ 110
	Accounts receivable............................................	210	260
	Inventory.............................................................	190	170
	Prepaid expenses................................................	70	70
	Total current assets................................................	500	610
	Plant and equipment, net.......................................	810	740
	Total assets............................................................	$1,310	$1,350
	Liabilities and Stockholders Equity
	Current liabilities:
	Accounts payable................................................	$ 140	$ 150
	Accrued liabilities...............................................	30	30
	Notes payable, short term...................................	40	40
	Total current liabilities..........................................	210	220
	Bonds payable.......................................................	190	240
	Total liabilities.......................................................	400	460
	Stockholders equity:
	Preferred stock, $100 par value, 5%...................	100	100
	Common stock, $2 par value..............................	400	400
	Additional paid-in capitalcommon stock.........	130	130
	Retained earnings...............................................	280	260
	Total stockholders equity.....................................	910	890
	Total liabilities & stockholders equity.................	$1,310	$1,350

	Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars)
	Sales (all on account).............................................	$1,260
	Cost of goods sold.................................................	770
	Gross margin.........................................................	490
	Selling and administrative expense.......................	400
	Net operating income............................................	90
	Interest expense.....................................................	26
	Net income before taxes........................................	64
	Income taxes (30%)...............................................	19
	Net income.............................................................	$ 45

Required:

Compute the following for Year 2:

Working capital. Current ratio. Acid-test ratio. Accounts receivable turnover.

Average collection period. Inventory turnover. Average sale period

What can you say about the companys short-term liquidity?

If the industry average in terms of collection period is 45 days, and inventory turnover is 6 times, how is the company performing compared to the industry?