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Required: a. Compute the following working capital for Year 2. (Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.) b.

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Required:
a. Compute the following working capital for Year 2.(Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.)

b. Compute the following current ratio for Year 2. (Round your answer to 2 decimal places.)

c. Compute the following acid-test ratio for Year 2. (Round your answer to 2 decimal places.)

d.

Compute the following accounts receivable turnover for Year 2.(Round your answer to 2 decimal places.)

e.

Compute the following average collection period for Year 2.(Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 2 decimal place.)

f. Compute the following inventory turnover for Year 2.(Round your answer to 2 decimal places.)

g.

Compute the following average sale period for Year 2. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 2 decimal place.)

Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2 Year 1 Current assets: 300 160 Cash Accounts receivable 370 380 Inventory 250 180 71 81 Prepaid expenses 991 801 Total current assets Current liabilities: 300 300 Accounts payable 210 99 Accrued liabilities 71 Notes payable, short term 81 591 470 Total current liabilities Sales on account during the year totaled $1,550 thousand. Cost of goods sold was $945 thousand

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