please explain step by step thoroughly with formulas please

Required information [The following information applies to the questions displayed below.] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company's financial statements, including comparing Lydex's performance to its major competitors. The company's financial statements for the last two years are as follows: To begin your assignment you psther the follawing financial data and rasios that are typical of cortipanies in Lyoex Compentrs indust 3. You decode, fraly to astew the comparyy i liquidity and asset manogement. For both this year and last year, compute a Workng cabital. 5. The cument ratio. Riound your final onswars to 2 decimal pleces) c. The acidest ratoo (Rovend your final nntwers 102 decimial ploces.) of The antrage coledion period (The accounts recoivatie at the beginning of last yeat totaled 51670,000 ) (Use 365 doys in a yeoe. flocind your intermediete calculationt and final answers to 2 decimal place) Intermediate calculations ond fiosl entwers to 2 decimel piece\} g. The fotal asset timtover. (the total msets at the beginkieng of last year fotaled 513.070,000 ) fpound your final answars to 2 decimal Binces: 3. You decide, finally, to assess the company's liquidity and asset management. For both this year and last yeac, conpues: a. Working capital. b. The current ratio. (Round your final answers to 2 decimol ploces) 6. The acid test ratio (Round your final onswers to 2 decimol places.) G. The average coliection period. (The accounts teceivable at the beginning of last year totaled 51,670,000) (Use 365 doys in a yeer. Round your intermediote calculstions ond finel answers to 2 decimal place.) e. The averoge saie period. (The inventory at the beginning of last year totaled 52030,0003 (Use 365 doyt in o yeer. Round your E. The averoge saie period (ine invertory at the beginning of 2 decimol ploce.) f. The operating cycle. \{Round your intermediote calculations ond final answers to 2 decimel place. ] 9. The total asset tumover. (The total assets at the beginitro of last year totaled $13,070000 (Round your final answers to 2 decimal places