Required information Problem 14-15 (Algo) Comprehensive Ratio Analysis [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The forlowing informution appliles to the questions dispiayed beiow.] 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, induding comparing Lydex's performance to its major competitars. The company's financial statements for the last two years are as fallows: To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry. Problem 14-15 Part 3 (Algo) 3. You decide, finally, to assess the company's liquidity and asset management. For both this year and last year, compute: a. Woriking capital. b. The current ratio. (Aound your final answers to 2 decimal places-) c. The acid test ratio. (Round your final answers to 2 decimal places.) d. The average colection periad. (The accounts receivabie at the beginning of last year totaled $1650,000 ) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) e. The awerage sale period. (The irmentory at the beginning of last year totaled $2,010,000 ) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) f The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.) g. The total asset turnover. (The total assets at the beginning of last year totaled $13,050,000 ) (Round your final answers to 2 decimal places.] Required information Problem 14-15 (Algo) Comprehensive Ratio Analysis [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The forlowing informution appliles to the questions dispiayed beiow.] 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, induding comparing Lydex's performance to its major competitars. The company's financial statements for the last two years are as fallows: To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry. Problem 14-15 Part 3 (Algo) 3. You decide, finally, to assess the company's liquidity and asset management. For both this year and last year, compute: a. Woriking capital. b. The current ratio. (Aound your final answers to 2 decimal places-) c. The acid test ratio. (Round your final answers to 2 decimal places.) d. The average colection periad. (The accounts receivabie at the beginning of last year totaled $1650,000 ) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) e. The awerage sale period. (The irmentory at the beginning of last year totaled $2,010,000 ) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) f The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.) g. The total asset turnover. (The total assets at the beginning of last year totaled $13,050,000 ) (Round your final answers to 2 decimal places.]