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Required information [ The following information applies to the questions displayed below. ] Lydex Company's financial statements for the last two years are as follows:

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Required information
[The following information applies to the questions displayed below.]
Lydex Company's financial statements for the last two years are as follows:
To assess the company's liquidity and asset management, compute the following for this year and last year:
a. Working capital.
b. The current ratio.
Note: Round your final answers to 2 decimal places.
c. The acid-test ratio.
Note: Round your final answers to 2 decimal places.
d. The average collection period. (The accounts receivable at the beginning of last year totaled $1,730,000.)
Note: 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 $2,090,000.)
Note: Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.
f. The operating cycle.
Note: 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 $13,130,000.)
Note: Round your final answers to 2 decimal places.
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