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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 final answers to $2$ decimal places.$)$

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

d$.$ The average collection period. $($The accounts receivable at the beginning of last year totaled $$1,620,000.)($Use $365$ days in a year.

Round your intermediate calculations and final answers to $2$ decimal place.$)$

e$.$ The average sale period. $($The inventory at the beginning of last year totaled $$1,980,000.)($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 $$13,020,000.)($Round your final answers to $2$ decimal

places.$)$