QUESTION 5 35 points Save Answer 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 _$ 20 Total Current Assets $ 470 $ 460 Noncurrent Assets: Plant & Equipment, Net $1,M $1, Total Assets _$; , _$2,u 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 ,00 Shareholders' Equity: Preferred Shares, $10 Par, 8% $ 100 $ 100 Current Assets: Cash and Marketable Securities Accounts Receivable, Net Inventory Prepaid Expenses Total Current Assets Noncurrent As sets: Plant & Equipment, Net Total Assets Current Liabilities: Accounts Payable Accrued Liabilities Notes Payable, Short Term Total Current Liabilities Noncurrent Liabilities: Bonds Payable Total Liabilities Shareholders' Equity: Preferred Shares, $10 Par, 8% Common Shares, $5 Par Additional Paid-In CapitalCommon Shares Retained Earnings Total Shareholders' Equity Total Liabilities & Shareholders' Equity December 31, Year 2 and Year 1 (dollars in thousands) 69 N N 0 GE N A C en LN _' V o 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 $l, 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? 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? F. What was Marcell Company's inventory turnover for Year 2? G. What was Marcell Company's average sale period (turnover in days) for Year 2