Problem $14-15$ Part $3($Algo$)$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:

You decide, finally, to assess the company's liquidity and asset management. For both this year and last year, compute:

a$.$ Working capital.

b$.$ The current ratio. $($Round your flnal answers to $2$ declmal places.$)$

c$.$ The acid$-$test ratio. $($Round your final answers to $2$ declmal places.$)$

d$.$ The average collection period. $($The accounts receivable at the beginning of last year totaled $$1,660,000.)($Use $365$ doys In a year.

Round your Intermedlate calculatlons and final answers to $2$ declmal place.$)$

e$.$ The average sale period. $($The inventory at the beginning of last year totaled $$2,020,000.)($Use $365$ doys In a yeor. Round your

Intermedlate calculations and flnal answers to $2$ decimal place.$)$

f$.$ The operating cycle. $($Round your Intermedlate calculations and flnal answers to $2$ decimal place.$)$

g$.$ The total asset tumover. $($The total assets at the beginning of last year totaled $$13,060,000.)($Round your final answers to $2$ declmol

places.$)$ Thank you $!!$